Sentences with phrase «early retirement if»

Many people think that the best option is to take early retirement if possible.

This would be for my personal savings and maybe early retirement if possible.

The poll found that more than two - thirds of doctors opposed Obama's health - care plan, and 45 percent would consider leaving medicine altogether or taking early retirement if the proposed plan were to become a reality.

Not exact matches

Spending more money early in retirement can lead to trouble down the line, especially if the stock market takes a turn for the worse.

If today's workers wanted to avoid working during retirement, they «should prepare for retirement as early as possible to have some certainty,» Foyster warned,.

It means if your investments take a big hit as you are nearing retirement or in the early years of retirement, your losses can be much more devastating than if they had occurred earlier in your life.

If you take early retirement, it may be smarter to tap your RRSPs first, before government benefits kick you into a higher tax bracket.

If your exit strategy involves simply allowing the business to continue after your retirement, you'll want to begin to plan for the takeover early.

Meanwhile, if you are younger than 59 1/2 and turn to your retirement assets to pare down debt, you will pay an early - withdrawal penalty of 10 percent unless you meet one of a few exceptions.

If you start your benefits early, they will be reduced based on the number of months you receive benefits before you reach your full retirement age.

That said, if you can hunker down and start saving for retirement at an early age, it makes things easier.

Especially if you're looking for early retirement (and by your handle, I'd guess you did), income can be very important.

For example, my full retirement age is 67 and if I claim at age 62, the earliest age at which I can file for Social Security benefits, my benefit will be equivalent to 70 % of my full retirement age benefit.

If you are in a financial pinch and considering taking money out of your 401k or any other retirement savings account, here are seven times it's OK to dip into your retirement fund early.

If you find yourself in a financial emergency with your money locked away in retirement accounts, it can be painful having to pay a 10 % early withdrawal penalty just to get access to your own money.

For example, a portfolio that starts out strong in retirement and has losses later will likely be in much better shape than one that has down years early, even if strong performance in later years brings its average return back in line with historical averages.

The calculation decreases or increases benefits by a fixed percentage for every month you claim early or late, so people with a lower full retirement age will get more in benefits as a percentage of their full retirement benefit if they claim earlier or later than someone with a higher full retirement age.

If you are wary of calculators designed by professional investment management firms, check out cFIREsim, an open source early retirement calculator built by voluntary early retirement enthusiasts.

If you want to know the answer to the proverbial question «when can I retire,» an early retirement calculator might be just what you are looking for.

Then I can ride it out until 60 (early full retirement with a pension and health care) or peace out earlier if I really need to.

What if you have a client who needs to make a significant withdrawal during a bear market early in retirement?

If you've been able to entertain legitimately the idea of retiring early, then you probably also have the intelligence, courage, and game plan to adapt to any unexpected changes that happen after retirement.

If you want to salvage your retirement dreams, retire even earlier than you thought you could, or just live a more luxurious life than you ever thought possible — then there's no better opportunity to gain access to so much expertise... in one place, at the same time.

I understand the risk of passing on the tax benefit now, but if we will need withdraw from investments during early retirement, would it not make sense to first withdraw from the Roth IRA contributions instead of requiring us to invest / withdraw more from taxable accounts?

It then compares that result to your retirement pot if you found a way to max your contribution to 100 % of allowable for all 35 years, including the actual dollars invested and the compounding effect on those earlier contributions.

If your budget for early retirement includes working part - time and getting Social Security benefits, you could take an unexpected financial hit.

You can withdraw contributions to a Roth IRA before retirement age 59 1/2 without tax penalties, but if you withdraw earnings accumulated in the account before age 59 1/2, you will incur 10 % early withdrawal penalty.

If I can add an extra $ 50 - $ 100,000 a year in side income, it would help a lot in early retirement.

If you expect to build up a substantial retirement fund a few decades from now, your best bet is to start early.

If you are going to help with college expenses, make it part of your early retirement plan.

Early retirement is possible if you start planning early and make smart financial moves along theEarly retirement is possible if you start planning early and make smart financial moves along theearly and make smart financial moves along the way.

If I hadn't been given some very helpful financial advice early in my career, I would not have had the faintest notion of compounding interest or the importance of retirement savings.

Ideally everyone should max out their pre-tax retirement funds first, but if you don't have enough funds and want to retire earlier then a decision to have more accessible post tax money will still work.

If you do find one of your clients in an early withdrawal retirement scenario during a declining market, sit tight, Moraif said.

The silent / greatest generation (born 1910 to 1945): Even if you have ample savings, it's important not to spend too much money early on in your retirement years.

«It's just a matter of luck if a down market strikes early or late in your retirement,» Nuss said.

However, if you experience a major bear market early in retirement, as in 1937, 1968 or 2000, or add in heavy inflation, as occurred in the 1970's, and it takes you down to 4.5 %.

Surprisingly, if you are hit by a bad spell later in retirement, you should be fine because you will have grown your money very well during your early years of retirement, Kitces said.

The Employee Benefit Research Institute (EBRI) undertook a study examining the extent to which the non-housing assets of certain retirees changed during their first 20 years of retirement (or until death, if earlier).

If you ignore the 4 percent rule, there's a strong risk that you will run out of money too early in retirement.

That being said, if you're having cash problems retiring early, you may want to re-think your retirement strategy.

Borrowing just a quarter of a person's balance during these early income years makes it all the more difficult to stay on track with retirement savings if they reduce or stop saving.

If your widow, widower, or surviving divorced spouse receives benefits on your record, they can switch to their own retirement benefit as early as age 62.

In exchange for the ability to fund these early - retirement adventures, many retirees are willing to accept a potentially smaller lifetime benefit, even if it also means accepting a declining standard of living in their later years.

If a person receives widow's or widower's benefits, and will qualify for a retirement benefit that's more than their survivors benefit, they can switch to their own retirement benefit as early as age 62 or as late as age 70.

If you take money out of your retirement early, you'll be hit with huge penalties and taxes.

If you were born after 1937, you also can start your Social Security benefits as early as age 62, but your full retirement age is more than 65.

It involves using your 401 (k), IRA or other eligible retirement accounts as capital to start or buy a business — without incurring an early withdrawal fee (if you're younger than 59 and a half) or tax penalties.

If your widow or widower qualifies for retirement benefits on his or her own record, they can switch to their own retirement benefit as early as age 62.

If your surviving divorced spouse qualifies for retirement benefits on their own record they can switch to their own retirement benefit as early as age 62.