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It is possible to withdraw money from an Individual Retirement Account without incurring a penalty, but it should be used as a last resort.
If you withdraw the money before age 59½, you will pay both a 10% penalty and regular income taxes on the amount you withdraw from a Traditional IRA.
However, there are special circumstances that allow you to make withdrawals without being charged the 10% penalty. These circumstances might include: paying for college expenses (whether for you, your grandchildren, etc.), paying for costs associated with a disability, medical expenses (must be greater than 7.5% of your adjusted gross income), and first-time home purchase.
You also have the option of taking 72(t) distributions from an IRA, which basically annuitizes your IRA. Substantially equal payments must follow a set a rules to be exempt from the early withdrawal penalty, and can be done with an annuity product or just systematic withdrawals.
Telecom is short for telecommunication, and it includes companies involved in the important business of communication
A short squeeze occurs when many short-sellers attempt to cover their positions at the same time, and it drives prices up
A put option gives the owner of the option/contract the right to sell a stock at the strike price named in the contract
Upgrades and downgrades can be useful but they may not be the most current form of trading information
Debt is money owed from one party or parties to another, plain and simple. Whether it’s money borrowed, loaned or credit
The abnormal earnings valuation method is one in which the future cash flows of a business are given significant weight
Bank Credit is the amount of loaned capital that an individual or business is capable of getting from a bank at a...
Market exposure is the degree to which an investor is participating in the risks and returns of the market as a whole
Leading indicators are economic or price data which have some degree of correlation with a movement in the market
The Broadening Top pattern forms when a currency pair price progressively makes higher highs and lower lows following two trends