You know you should rollover your old retirement account to an IRA. But do you know how to do it, and avoid pitfalls (and penalties)? The post The Rollover appeared first on Getting Your Financial Ducks In A Row. Related posts: Spouse May Be Your B...
When filing your tax return, certain refundable tax credits are more valuable than the more common, non-refundable credits. The post Tax Credits That Can Increase Your Refund appeared first on Getting Your Financial Ducks In A Row. Related posts: T...
Fact about your retirement plan that you may or may not be aware of. Things to consider as you take action to participate. The post 5 Facts You Need to Know About Your Retirement Plan appeared first on Getting Your Financial Ducks In A Row. Related...
When leaving an employer, conventional wisdom suggests that you also rollover your 401(k) plan to an IRA. Not always the best call, though. The post 8 Things to Consider Before Rolling Over Your 401(k) appeared first on Getting Your Financial Ducks I...
If you're working while receiving Social Security benefits, depending on your income you may be giving up some of the benefit, short term. The post Working While Receiving Social Security appeared first on Getting Your Financial Ducks In A Row. Rel...
Distributions from Roth IRAs must follow a specific set of ordering rules so that the taxation (or non-taxation) is correct. The post Ordering Rules for Roth IRA Distributions appeared first on Getting Your Financial Ducks In A Row. Related posts:...
Some important information from the IRS about scams being run via email, text, social media, and other forms of communication. The post Avoid Email Scammers Claiming to be IRS appeared first on Getting Your Financial Ducks In A Row. Related posts:...
If you've ever wondered what the 72t early distribution is, this article will give you the basics, including methods of accomplishing it. The post Facts About the 72t Early Distribution appeared first on Getting Your Financial Ducks In A Row. Relat...
A discussion of factors to consider while deciding when to file for Social Security benefits, factoring in age and other components. The post When to File For Social Security Benefits appeared first on Getting Your Financial Ducks In A Row. Related...
Congress made a move recently to eliminate the WEP and GPO provisions from Social Security benefit calculations. The post Say Goodbye to GPO and WEP appeared first on Getting Your Financial Ducks In A Row. Related posts: Why is there WEP (Windfall...
If you don’t know what a SOSEPP is, that’s okay – chances are if you don’t know what it is, you don’t have one. SOSEPP stands for Series Of Substantially Equal Periodic Payments. It’s a method that you can use that allows you to take a series of...
(In case you are confused by the headline: a principle is a rule, and pollex is an obscure term for thumb. Therefore, this on-going series is all about financial Rules of Thumb.)Buying a car is such a common activity that many folks don’t give much e...
Photo credit: jbOne of the key components that the Social Security Administration uses to calculate your Social Security retirement benefit is called the Average Indexed Monthly Earnings, or AIME (don’t you just love the acronym-loving Social Securit...
A Private Letter Ruling (PLR) from 2010 presents an interesting outcome from an indirect rollover – a rollover that was not done in a trustee-to-trustee transfer.This particular PLR, 201005057, deals with a situation where the taxpayer received...