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Typical nightmares use to include showing up for work in your underwear or ghosts in your home. At the very worse a nightmare may have been the death of a close family member or a home burglar. However, this is no longer the stuff that nightmares are made of, as many people are now finding [...]
How long will you statistically live? You probably think that statistically you’ll live to about 75. But that’s somewhat of a misconception. Having a better idea on what life expectancy means will help you better project how many years of retirement you need to plan for. And clearing up what life expectancy means to you [...]
Technically, you can ALWAYS withdraw from your Simplified Employee Pension (SEP-IRA) or your Tax Deferred Annuity. However, it is not advised to withdraw funds prior to reaching the age of 59 1/2. Likely Consequences For Early Withdrawal – 10% Penalty If you are under the age of 59 1/2, there may be significant tax consequences [...]
Underestimating the importance of leisure in planning for retirement is the biggest mistake retirees make. They put their finances in order and assume everything else will take care of itself. But retirement satisfaction depends on how you spend your time, not your money. During the working years leisure is a rare commodity. Overtime, second jobs, [...]
If you’re like many retirees–or those soon to be retired–your investment portfolio has probably taken a big hit in the recent market meltdown. Even traditionally conservative investments such as municipal bonds and dividend-paying preferred stocks have behaved in unusual ways. While you can’t control the markets, you do have some control over how and when [...]
A collection account can stay up to 7 years for the last date of activity on your credit reports. The last date of activity is usually the date of the missed payment that sent the account into collections. The date of last activity will update if any mutual activity occurs on the account such as [...]