Most people have the option to begin taking Social Security at the age of 62. Spouses can also elect to start taking benefits on their spouse’s Social Security as early as age 62.
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The federal Thrift Savings Plan (TSP) has been a great way for military and federal employees to set money aside for retirement – at a very low cost. But there’s one big problem: It’s not diverse enough.
...Prior to the election, many writers and political analysts expected that Biden would likely win the White House. It was also ‘expected’ that the Democrats would remain in control of the House of Representatives, and that their power would be checked by continued Republican control of the Senate.
...Gold IRAs are becoming increasingly popular among conservative investors. Mounting federal debt and the rise of the euro and Chinese renminbi as serious competitors to the dollar as potential global reserve currencies have investors hedging against the dollar and looking to protect their retirement portfolios against inflation. Gold prices rose 24% during the calendar year 2020, and are trending upwards as of this writing in early 2021.
...Section 408 of the Internal Revenue Code prohibits IRA owners from taking direct possession of assets owned within an IRA. Instead, you must have a third-party hold title to or physically control the assets on your behalf. Usually third parties are called custodians.
...Many people confuse the national debt with the deficit. True, they are important budgetary terms. But they are very different concepts: The term “debt” refers to the company balance sheet, while “deficit” is a cash flow concept.
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