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72t Articles

Understanding 72(t) Distributions How are They Taxed and How to Set Them Up

February 26, 2024

Understanding 72(t) Distributions: How are They Taxed and How to Set Them Up

Retirement planning can be a complex process, with a myriad of rules and regulations to navigate. One such rule is the 72(t) distribution, a method that allows you to access …

What are the Common Challenges of Wealth Management

February 19, 2024

What are the Common Challenges of Wealth Management?

Wealth management is a critical aspect of financial planning that involves the strategic allocation and investment of assets to achieve specific financial goals. It is a comprehensive approach that combines …

Are 72(t) Distributions Considered Income Understanding and Setting Up a 72(t) Distribution

February 12, 2024

Are 72(t) Distributions Considered Income? Understanding and Setting Up a 72(t) Distribution

When planning for retirement, it’s crucial to understand the various strategies and options available to you. One such strategy is the 72(t) SEPP distribution, an IRS approved  rule that allows …

What is the Earliest Legal Retirement Age Understanding Early Retirement

February 05, 2024

What is the Earliest Legal Retirement Age? Understanding Early Retirement

Retirement is a significant milestone in one’s life, marking the end of a long journey of hard work and dedication. It’s a time to relax, pursue hobbies, travel, or spend …

At What Point Should You Hire a Wealth Manager

January 22, 2024

At What Point Should You Hire a Wealth Manager?

Wealth management is a crucial aspect of financial planning that often gets overlooked until it’s too late. It involves the strategic allocation of resources to ensure growth, security, and the …

Can I Retire Early But Not Collect Social Security

January 15, 2024

Can I Retire Early But Not Collect Social Security?

The concept of early retirement is an appealing one for many individuals. The idea of leaving the workforce ahead of the traditional retirement age to enjoy more leisure time, pursue …

Can You Do a 72(t) While Working Understanding the Intricacies of the 72(t) Tax Code

January 08, 2024

Can You Do a 72(t) While Working? Understanding the Intricacies of the 72(t) Tax Code

As you navigate your financial journey, you may come across various tax codes that can significantly impact your financial planning. One such tax code that often raises questions is the …

Can You Close Out a 401(k) Account While Still Employed Understanding How to Access 401(k) Funds Early

January 01, 2024

Can You Close Out a 401(k) Account While Still Employed? Understanding How to Access 401(k) Funds Early

The 401(k) retirement plan is a popular savings vehicle for many American workers. It offers significant tax advantages, allowing employees to contribute a portion of their pre-tax salary into the …

September 25, 2023

Can You Be Denied Early 401(k) Withdrawal? Understanding How to Access 401(k) Funds Early

A 401(k) plan is a retirement savings account that allows employees to invest a portion of their paycheck before taxes are taken out. However, there may come a time when …

September 18, 2023

How Much Money Should I Save to Retire Early?

The dream of retiring early is one that many people share. The idea of leaving the workforce while you’re still young enough to enjoy your golden years is appealing. However, …

September 11, 2023

How Much of My 401(k) Will I Get If I Withdraw Early? Understanding How to Access 401(k) Funds Early

Planning for retirement is a critical aspect of financial health, and a 401(k) plan is one of the most common tools Americans use to save for their golden years. However, …

September 04, 2023

What Age is Considered Early Retirement?

Retirement is a significant milestone in one’s life, marking the end of a long journey of hard work and dedication. It’s a time when you can finally kick back, relax, …

August 30, 2023

What is the Best Way to Save Money for Retirement?

Planning for retirement is a crucial aspect of financial management. The goal is to ensure that you can maintain your desired lifestyle even after you stop working. With the right …

August 23, 2023

Does My Employer Have to Approve My 401(k) Loan? Understanding How to Access 401(k) Funds Early

A 401(k) plan is a retirement savings account that allows an employee to invest a portion of their paycheck before taxes are taken out. The funds in the account are …

August 16, 2023

Navigating the Maze: Exceptions to 401(k) Early Withdrawal Penalty

The 401(k) retirement plan is a popular savings vehicle for many American workers. It offers tax advantages and often includes employer matching contributions, making it an attractive option for long-term …

August 09, 2023

Unraveling the Role of a Wealth Management Consultant

In today’s fast-paced world, managing wealth can be a complex task. With fluctuating markets, changing tax laws, and an array of investment options, it’s easy to feel overwhelmed. This is …

Can I Retire at 55 and Collect Social Security A Deep Dive into Early Retirement

July 28, 2023

Can I Retire at 55 and Collect Social Security? A Deep Dive into Early Retirement

Retirement is a significant milestone that many of us look forward to. It’s a time when we can finally relax, pursue our passions, and enjoy the fruits of our labor. …

Can I Retire at 55 and Still Work Full Time A Deep Dive into Early Retirement

July 21, 2023

Can I Retire at 55 and Still Work Full Time? A Deep Dive into Early Retirement

Retirement is a significant milestone that many individuals look forward to. However, the traditional retirement age of 65 seems to be a thing of the past, with more and more …