Comments for Teach Me Finances

Comment on 401k Rollover Guide by Open a Roth IRA – What are the Eligibility and Withdrawal Rules?

Open a Roth IRA – What are the Eligibility and Withdrawal Rules? — Mon, 14 Dec 2009 05:17:49 +0000

[...] If five years have passed since you first opened the Roth IRA and you are older than 59½ years, you may take money out from any earnings free of taxes. This five years begins from January 1 of the year when you put in your earliest contribution, even if it was established with conversion or 401k rollover. [...]

Comment on 401k Rollover Guide by Kevin

Kevin — Mon, 07 Dec 2009 20:21:12 +0000

Hi Richard – Yes, you can avoid the early withdrawal penalties under “Rule 55″. That rule says that if you are 55 or older and you leave your job (voluntarily or not) you can begin to withdraw the money in your 401k without penalty. Obviously, the longer you wait to begin your withdrawals the better, but if you need the money, it’s there for you.

Comment on 401k Rollover Guide by Richard Greener

Richard Greener — Sat, 05 Dec 2009 07:01:50 +0000

May I avoide IRS early (prior to 59 1/2) 401k withdrawal peanalities by 401k Rule 55 ?
R. Greener

Comment on Forex Options by Basics Forex | Learn The Stock Market And How to Trade

Basics Forex | Learn The Stock Market And How to Trade — Wed, 28 Oct 2009 17:55:44 +0000

[...] The FOREX for FX or Spot is a 4 trillion dollar a day exchange trading..well money. You can trade the currency of one nation for the currency of another. The most popular forex options are: [...]

Comment on Forex Options by Online Trading at Its Best | The World We Live In

Online Trading at Its Best | The World We Live In — Mon, 26 Oct 2009 19:54:40 +0000

[...] currency exchange investor to set a predetermined price they are prepared to pay for entry into the forex options market. Automated entry orders are a solid protection for the web foreign exchange investor. As [...]