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Retirement Planning

Self-directed IRA

An Individual Retirement Account (IRA) is a powerful tool for saving for retirement. It allows individuals to choose their own investment options, tailored to meet their specific investment goals. These options include stocks, bonds, mutual funds, and other funds. Additionally, individuals can also invest in Certificate of Deposits and other savings vehicles. This flexibility makes an IRA a valuable addition to any retirement portfolio.

Target Date Fund

A target date fund is a type of mutual fund that adjusts its risk level based on the investor's target date, usually their estimated retirement date. This is achieved by gra...

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Contingent Beneficiary Definition

A contingent beneficiary is someone who is next in line to receive assets such as a life insurance policy, retirement plan, or annuity. While spouses are typically designate...

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Early Retirement Penalty

other exemption A key concept in the realm of finance is the early distribution penalty, which is a 10% tax that must be paid when withdrawing funds from a retirement plan,...

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Early (premature) Withdrawal

Retirement planning involves considering various factors, one of which is the possibility of withdrawing funds from an IRA or 401(k) plan before the age of 59½. Such early w...

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