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The standard withdrawal rules for 401(k) accounts apply to these plans. Once you are age 59½, you may begin to make penalty-free withdrawals and only pay income taxes on the amount you withdraw.
If you decide to take out money before age 59½, you will have to pay a 10% penalty fee in addition to income taxes on the amount of your withdrawal. Of course, there are exceptions that would allow you to avoid this early withdrawal fee.
Once you turn 70½, you must begin to withdraw a minimum amount (determined by the IRS) unless you are still currently working at the company. If you are still working at the company and are over age 70 ½, you do not need to begin withdrawing the minimum amount until the year you retire. These mandatory withdrawals are known as Required Minimum Distributions, or RMDs.
How much should I withdraw from my retirement accounts once I retire?
What role does inflation play in my retirement planning?
How Can I Establish a Money Purchase/Profit Sharing Plan?
A commodity is usually a raw material or agricultural good with high demand and little price difference between competitors
The advance/decline divergence oscillator tracks the rate of change in the advance-decline line. McClellan Oscillator
A put option gives the owner of the option/contract the right to sell a stock at the strike price named in the contract
Second-to-die policies a.k.a. survivorship policies, are primarily used to provide a guaranteed legacy to their children
Investors can use currency warrants as hedges against unfavorable movements in the exchange rate or public speculation
A hostile takeover is an acquisition in which the controlling interest of shares has come under the direction of another
Publication 54 is a guide for those earning income in a foreign country. Several tax deductions might be available
The Broadening Top pattern forms when a stock price makes higher highs and lower lows following two widening trend lines
The Symmetrical Triangle Bottom pattern forms when a currency pair price fails to retest a high or a low and forms two trends
The Detrended Price Oscillator (DPO) is a relatively uncomplicated tool of analysis that can be used to simplify a chart and identify conditions ripe for buying or selling