How to Make Early Roth IRA Withdrawals

Posted by Madison on May 27, 2015

The ability to use early Roth IRA withdrawals is an integral part of any early retirement plan. Roth IRAs allow for much more flexibility when it comes to early withdrawals than a traditional IRA. We’ve integrated the option to use retirement funds since I left my corporate job many years ago. Now that my husband […]

Continue reading…





Roth IRA Conversion Strategy to Avoid Taxes

Posted by Madison on May 12, 2015

If you have money in a traditional IRA and want to take advantage of a Roth conversion, you need to know about the pro-rata tax treatment of conversions. If you have both tax deferred and after tax money in a traditional IRA, you could face hefty taxes on the deductible IRA money, since you must […]

Continue reading…





Quitting the Rat Race at Age 39

Posted by Madison on March 24, 2015

My husband’s office at the university is closing this fall. While he was offered another position (with a raise!), he turned it down and he’s taking this opportunity to finally quit the rat race. He will be 39. Congratulations Scott! Later this year, my husband is finally joining me on a new adventure. Just like […]

Continue reading…





5 Steps to Figure Out a Successful Retirement Plan

Posted by Don on March 23, 2015

The topic of retirement comes up all of the time on the news, in the newspapers and magazines and in personal finance blogs. With so many different people talking about retirement, it not only gets confusing, it can also get overwhelming. Luckily, I am here to help. I will give you the guide to making […]

Continue reading…





Take Advantage of Retirement Catch-Up Contributions

Posted by Jill on February 19, 2015

If you’re over 50 and diligent about retirement savings, you may be maxing out both your 401k and traditional or Roth IRA. But to really supercharge your savings and make sure you are extra-prepared for retirement, you should also take advantage of catch up contributions. Catch-up contributions are special provisions that allow you to contribute […]

Continue reading…





The 2015 Roth IRA limits and Roth 401k contribution limits were just announced, so you can start planning your contributions. The 2015 limits will stay the same for the Roth IRA; the Roth 401k limits will increase. The 401k limits and IRA limits are determined based on inflation, but can only increase in $500 increments. […]

Continue reading…





2014-2015 401k and IRA Limits

Posted by Madison on

The 2015 IRA limits and 401k contribution limits were just announced, so you can start planning your 2015 contributions. The 2015 limits will stay the same for the IRA; the 401k limits will increase. The 401k limits and IRA limits are determined based on inflation, but can only increase in $500 increments. The 2015 social […]

Continue reading…





Can My Spouse Get My 401k in a Divorce?

Posted by Amanda on March 6, 2014

Over 46 million Americans currently have some type of retirement plan through work. These plans are governed by the rules of your particular employer, but also by federal laws. And rightfully so, as saving for retirement is a very important thing to do (especially considering the current state of social security). In general, Federal law […]

Continue reading…





Will You Use the New MyRA Retirement Plan?

Posted by Madison on January 30, 2014

There’s going to be a new retirement plan in 2014! As part of the President’s State of the Union address he mentioned a new retirement plan called the myRA. While the details are still being flushed out, we are able to get a good idea of what the plan may look like from the The […]

Continue reading…





Can You Contribute to an IRA If You Don’t Have a Job?

Posted by Don on November 18, 2013

There is a lot of confusion surrounding the eligibility of contributing to a retirement account. I covered the topics of contributing to an IRA as a teenager and while you are in college. But what about if you are unemployed? Can you still contribute to a retirement account if you don’t have a job? As […]

Continue reading…