April 6, 2007, Newsletter Issue #59: 401 Retirement Plans, IRAs, and other tax deferred savings
Tip of the Week
Once you set up a 401 retirement plan, prior to using it for retirement income, your options for getting at that money are limited. Generally, most plans require that you use the money only for a financial hardship. So-called "safe harbor hardship" withdrawals are limited to certain medical expenses for you, your spouse or your dependents, purchase of a primary residence, payments of certain post-secondary education expenses for the next year for you, your spouse or your dependents, or to prevent eviction from or foreclosure on your primary home.
About LifeTips
Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.
| Guru Spotlight |
| Jennifer Mathes, Ph.D. |
