Are you looking to Retire Early, but don’t want to pay a penalty to access the money you saved before you turn age 59.5?
Got a ton of retirement money stashed in the TSP, an IRA, former employer’s 401k, or other Qualified Retirement Plan?
Are you also looking to implement a withdrawal strategy that does not force you in to a 5-year waiting period like the ‘Roth Conversion Ladder’ does?
There’s a perfectly legal method to get to your Retirement Plan money at age 55 without paying a penalty, and it’s called the Solo 401k.
You won’t see that headline splashed across Lending Club’s home page.
Unfortunately for Lending Club, like most people who file for income taxes, this is the time of year when I review my year-end bank and investment statements to see how things are going.
I guess Lending Club is counting on me (and the rest of its investors) not performing this annual review of investment summary statements.
Because if they were, there would be even more bad press for Lending Club. Continue reading
Recently the WSJ posted an article about all the bookkeeping, tax filing, legal, and administrative fees necessary to operate a company’s 401(k) program
on behalf of its employees. This, by the way, is on TOP of the expense ratios charged within the mutual fund investments available inside the Plan.
If you work for a small company, these administrivia fees add up (and NOT in your favor). Vanguard – the low cost provider of all things investing- estimates these charges as totaling 0.25% in a very large company plan, and 0.58% for a smaller company plan.
A loyal GubMints reader writes:
First off, thanks for such an informative website. I am … in a VTU, and I have 2 more years left…, the local NOSC seems like they want more and more from us. I am leaning towards the IRR, but I also want to make sure that can actually be feasible with just doing correspondence courses. I, like yourself, am way too close to lose my retirement now. What are the major issues that you have faced in the IRR with these courses?
Thanks for reading! It’s not easy keeping up with the Navy’s IRR Regulations.
Here’s this years’ Navy IRR Survival Guide. Continue reading