After you turn 70½, you must prepare for required minimum distributions from your individual retirement accounts and 401(k) plans. If you don’t take your so-called RMD in time, you’ll face a penalty of 50% of what you were supposed to withdraw. Got an RMD for 2019? You have less than four weeks to get it…
Category: retirement planning
7 Retirement X-Factors for Your Nest Egg
Almost everything you need to know to plan for retirement is available on the blog post by Joseph Hogue, author of the PeerFinance101 blog: 7 Retirement X-Factors for Your Nest Egg. It’s never as simple as accumulating X times your salary or other “rules of thumb.” Check out: http://peerfinance101.com/retirement-x-factors-how-much-need/ Source: Financial Planning for Women