Feeling Financial

How to Take your Required Minimum Distribution (RMD)?

After you reach age 70.5, the IRS requires that you take distributions from pre-tax accounts. The reason is that the money has never been taxed before, and removing that money from tax-deferred accounts will result in revenue to the US government: when you take a distribution, you’ll generally owe income taxes. Uncle Sam doesn’t […] Filed Under: Uncategorized by FeelingFinancial

Should You Invest in Stocks? It Depends?

When saving for your goals, investing in the stock market is just one of your options. But it’s a confusing and sometimes scary option, so you might wonder if it even makes sense to invest in stocks.

How to Sell an Annuity (or Payments)?

Annuities do not have a reputation for being flexible, but you can often sell your annuity and get cash if you need to. Getting out of an annuity may be difficult – and expensive – so it’s not a decision to be taken lightly. There are generally two ways to get a lump sum from […] Filed Under: Uncategorized by FeelingFinancial

401k Losing Money – What to Do?

When your 401k loses money – whether it’s due to market turbulence or fees – it’s important to understand what’s happening. Then you’ve got two choices: do something, or do nothing. Market Turmoil The most dramatic losses in 401k plans come from market losses: the things you buy lose value (or “go down”), and your […] Filed Under: Uncategorized by FeelingFinancial

How to Get Money out of a 401k?

Your ability to get money out of a 401k depends largely on two factors: whether or not you’re still employed, and which options your employer offers within the 401k.