Archive for the Retirement Category

5 Exceptions to the IRA 10% Penalty for Early Distributions

5 Exceptions to the IRA 10% Penalty for Early Distributions

Here are 5 exceptions to the 10% Penalty for Early Withdrawals I’ve come up with after sourcing through the documentation provided by the IRS on IRA’s. Take advantage of these only if you have to, taking money out of your retirement is serious business. Medical Insurance That’s […]

Simple IRA or SEP IRA? Which one Should I Choose?

Simple IRA or SEP IRA?  Which one Should I Choose?

Today I’m going to compare two IRA’s side by side to give you some insight on which is the best for you. The two we are going to look at are the Simple IRA and the SEP IRA. If you wish to know some more in depth […]

SEP IRA Basics

SEP IRA Basics

What is a SEP IRA? An SEP-IRA is a variation of the traditional IRA and is used by small businesses to provide retirement benefits for its business owners and their employees. SEP-IRAs do not require the start up costs that conventional retirement plans have and allows contributions […]

SIMPLE IRA Basics

SIMPLE IRA Basics

What is a SIMPLE IRA? A SIMPLE IRA is a tax-favored retirement plan that certain small employers and the self employed alike can set up for the benefit of they’re employees or when talking about the self-employed, can set up to benefit themselves.  SIMPLE IRAs are written […]

Traditional IRA Basics

Traditional IRA Basics

What is a Traditional IRA? A traditional IRA is an IRA that is not either a SIMPLE IRA or Roth IRA. They have two main advantages for investment and those are 1.) You can deduct some and sometimes all contributions to it, which just depends on your […]

ROTH IRA Basics

ROTH IRA Basics

What is a Roth IRA? A Roth IRA is an individual retirement plan that provides more flexibility than a traditional IRA.  The Roth IRA offers many advantages over a traditional IRA but has an income limit that is based off your filing status.  Roth IRAs are a […]

How to Choose a Financial Advisor

How to Choose a Financial Advisor

Universally, people deal with money, also known as finance, to lead a comfortable lifestyle. Generally, it refers to the exchange of goods and services in the form of one currency or another, but has also come to invoke thoughts and ideas of balance and record-keeping. Why do […]

Latest E.I Facebook Update

E.I. Tip: Host a BBQ for the 4th of July Weekend. Host a Traditional Barbecue. According to the American Farm Bureau Federation, the classic backyard barbecue is one of the only Fourth of July ideas that is actually becoming less expensive. A 10-person cookout costs roughly $56.00 — or about $5.58 per person, which is about 3% cheaper than it was..

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