So, where do you pull money from if needed? Once you turn 59 ½, money can come out of retirement accounts with no penalty however, ordinary income taxes would be due. Therefore, before age 72, one should calculate how these withdrawals could affect their taxable income as the amount withdrawn would be added to ordinary income.
· Consider walking or riding a bike to get where you’re going instead of driving your vehicle. Its good for the environment and its good for your physical health, too.
The reason one may feel it is safer to invest when the share price is rising is merely psychological. It is human nature to want to see an investment (whether a stock or real estate) go up in price. We rationalize that if the price is rising it must be a good thing and provides more safely.
If you are fortunate to have accumulated some cash and still have a mortgage, you may be wondering if it makes sense to pay off your mortgage or keep it.
Putting together an estate plan can feel overwhelming, but it's an integral part of seeing your final wishes through. Take time to sort through each of these items with your financial advisor to help keep your estate and your loved ones well-organized and prepared.
The Health Insurance Portability and Accountability Act of 1996 (HIPAA) is a federal law that required the creation of national standards to protect sensitive patient health information from being disclosed without the patient’s consent or knowledge.