by Independent Financial Services | Apr 21, 2022 | Markets & Investing, Retirement Planning
Workers keep the economy functioning for the ultimate benefit of everybody. This is why workers deserve to have their needs taken care of at retirement when they are no longer able to earn an income. One way for a worker to start preparing financially for retirement...
by Independent Financial Services | Mar 24, 2022 | Retirement Planning, Tax Planning
When you eventually retire you want to make sure you are financially secure enough to maintain the quality of life you desire. This means you will need to start making plans to invest to help ensure you have the capital you need during retirement. One option you may...
by Independent Financial Services | Jan 18, 2022 | Retirement Planning, Tax Planning
During retirement you will want to maintain a quality of life that is acceptable and comfortable for you. This means having an effective wealth management plan in place, including strategic tax planning which can help minimize your tax bill during and leading up to...
by Independent Financial Services | Dec 23, 2021 | Retirement Planning
It is generally not advisable to withdraw funds early from your 401(k) due to significant penalties for doing so. If you take funds out of your 401(k) before you reach the age of 59 ½ you will be subject to a 10% penalty levied by the Internal Revenue Service (IRS)....
by Independent Financial Services | Oct 28, 2021 | Tax Planning
Generally speaking, 401(k) retirement accounts are designed to remain untouched until you have reached retirement age. You are not allowed to withdraw funds from your 401(k) account prior to the age of 59 ½ without being hit with significant penalties and charges,...
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