What would you want to happen to your pension when you die? Do you provide for a spouse or dependent? If so, what form should that provision take? Here I give you the questions to think about, when it comes to what happens to your pension on death.
Posts Tagged Retirement
Help – Sell? Or Retirement or What?
Maybe there are some people who went through a divorce who can help me.
I have two grade school kids.
I went through a divorce that ruined my credit when my husband left for another woman. He is a high powered lawyer and I couldn’t afford one so he is paying minimum child support, less than the mortgage.
I then lost my job. I have looked for another one for 7 months. I am over 45 and over educated so I can’t even get a job at Sears. I need some financial planning advice.
I have a home worth $250,000. The mortgage balance is $120,000. An apartment with two bedrooms in my area is $500 per month more than mortgage. I can’t get an apartment because of my credit and no job.
I have $50,000 in my retirement account.
Question:
Should I take out my retirement? It would help me pay the mortgage and expenese for three years. I would have to hope that I have a job or some business by then where I have income.
I could sell the house but then where would I live?
Maybe there are solutions that I do not see.
I can’t see. I have condidered suicide. I really need some guidance here.
MM No 58 – Phased Retirement
Apr 17
Following on from my explanation of Income Drawdown last time, Phased Drawdown is a way of staggering your retirement over time to make the income you receive more tax-efficient. It’s easier to do than it is to explain, but there is an accompanying PDF on the MeaningfulMoney.tv website
I’m 24 and in the military. I have 10% going to my Thrift Savings Plan through the military and I was thinking about opening up an IRA. Should I open a traditional or Roth IRA? Which would compliment my TSP and what is better in the end? I’ll appreciate all serious advice.