...Whether you want to lose weight, save more, learn something new or just be a better version of yourself, the start of a new calendar year seems to always get us thinking about what we want to do different in the year ahead. Yet, as many of us know – many resolutions never amount to more than something we think-- or say-- we want to do. 2017 is in the books. Will this be the year you finally take control of your money and investments? Steve and I will review 5 easy to follow investing strategies that could help you retire far sooner than you ever thought possible, or if you are already retired, keep you on track, even if the market falls!!
Studies show that over 68% of retiring Americans have the same unanswered questions on Social Security:
Today on Mastering Money
A new major economic study shows that China’s economy is now responsible for nearly half of all global GDP growth, and will surpass the United States in 2032--the same year that the U.S. Social Security system is due to be underfunded. The study also found that India will surpass China in the second half of this century as the world's largest economy. Where do we stand with China right now, and is your portfolio prepared? Do you have a plan for retirement that protects you in both good AND bad markets? Find out what you need to know in order to get a grip on where the market is heading.
Most people are aware of the IRS penalty of 10% for withdrawing money prior to age 59 ½ from an IRA or tax qualified retirement plan like a 401k. However, there are two rules which, if followed correctly, may allow a person to withdraw substantial funds WITHOUT penalty, setting up a steady income stream to cover an early retirement. Coming up next, we’ll review the rules of IRS code 72(t) and the Rule of 55, plus much more!