10%

Mennyit keresnek a leggazdagabbak? Mennyivel keresnek többet a férfiak, mint a nők? A Határtalan tudásban, a CEU és a Qubit közös podcastjának legújabb adásában Krekó Juditot, a KRTK KTI kutatóját a magyarországi jövedelmi egyenlőtlenségekről kérdeztük.

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Sometimes in key meetings, someone will say this to challenge the thinking: “that just the tip of the iceberg!” What can we learn about icebergs that can spur us into greatness in our supply chain effectiveness for our workplaces and our churches? Join Kevin as we dig into a bracing look at the tip of the iceberg! // Download this episode's Application & Action questions and PDF transcript at whitestone.org.

In this episode we discussed the Biblical command of tithing in Deuteronomy 14 and tried to think about what it means and how that can apply to our lives today.

In this weeks message Pastor Chris talks to us about Tithing and what it means and why it is there. 

Tithe means 10% or tenth.

Tithing is a spiritual principle that is neither indicative or specific to the old or the new testament, it is found in the whole of Scripture. 

It is an area of freedom that God would have you walk in.

Tithing accomplishes true religion in the eyes of God.

Money in itself is not spiritual but what you do with it is.

Dans la population, il y aurait environs 10% de gauchers. Ce chiffre en apparence aléatoire est récurrent, peu importe les cultures ou les religions. Pourquoi ce déséquilibre? Qu’est ce qui, dans le cerveau ou les gènes, différencie un gaucher d’un droitier?

Avec Hélène Laurin et Charles Trahan

Pour de l’information concernant l’utilisation de vos données personnelles - https://omnystudio.com/policies/listener/fr

Photo by Paul King

In this episode, John and the gang discuss what has happened over time with market inflation compared to market value. The importance of getting a core value of an investment process that fits your base.  

We want to know more about your situations so we can create better tailored content. John and the team can be reached at jcindia@lifestagesadvisory.com. Reach out to us so we can get you or your segment featured on the show!

When your reach 59 ½ years old you can withdraw money from your qualified retirement plans like Thrift Savings Plan (TSP), 401k, and IRAs without paying the 10% early withdrawal penalty tax.   There are some exceptions to the 10% tax penalty. In particular if your separate from service after you reach 55 years old, you can begin withdrawing from that employer’s retirement plan penalty free. And there are a just a few other exceptions to the early withdrawal penalty.

You also need to know if you make withdrawals from a ROTH IRA, ROTH TSP, or ROTH 401k, you can withdraw your contributions penalty free. But your earnings taken from the ROTH within 5 years of our first contribution will be subject to the 10% early withdrawal penalty, even if you’re over 59 1/2.

Otherwise, when you reach 59 ½, no more tax penalty. You will still owe income tax on withdrawals from regular IRA, 401k and Traditional TSP, but the penalty is behind you.  If you are still working, like most people this age, you can still continue contributing to your retirement accounts including cathup contributions after age 50.

In the meantime, it's a good time to take inventory and take another look at how you envision your retirement. When would you like to stop working? Or perhaps go to part time? What will your retirement lifestyle be like? What budget will you need to support that lifestyle? Up through our fifties, most people save as much as they can, or have had a particular target amount of savings for retirement. By 60 it’s a great time to see if you are still on track or if your needs or wants have changed. It’s gets harder to make up ground as you close in on retirement, so the sooner you know if you need to make any changes the better.

While it is best to leave your retirement saving to grow, it is good to know that if you need to you can access your qualified retirement plans after 59 ½ without a tax penalty. It can act as an emergency fund allowing you to save more now if you need to. And this may be a great time to “test drive” a retirement budget. By saving more now, you will have less cash available for spending. You can see how that tighter budget might fit your lifestyle and needs in retirement. This could give you more confidence that you are on track or may push you to consider other options like working longer or part time.

Another factor to consider as your looking forward is what will you do for health insurance if you stop working before age 65 when you would be eligible for Medicare? Military retirees are covered by Tricare, including Guard and Reserve retirees over age 60. But the cost of healthcare insurance can be shocking when it is no longer sponsored and subsidized by your employer. Know your options and costs.

And lastly, if you haven’t already, open an account on the Social Security website at https://www.ssa.gov/myaccount/ .  They gave great tools and online calculators to estimate your social security payments for different scenarios based on your personal earnings history at https://www.ssa.gov/benefits/calculators/ 

So to wrap things up,once you hit 59 1/2 you can withdraw saving from any regular IRA or 401k and Traditional TSP penalty free. You just pay the income tax. ROTH accounts are also penalty free after 59 ½ as long as it’s also been 5 years since your first contribution. But don’t withdraw your money just because you can. It’s a great time to take another closer look at your retirement pan and savings so far. Refine your budget, see if you need save more work longer. And also make a plan for healthcare and Social Security, both of which we’ll talk about in future episode.

Have a question you’d like answered on a future podcast, sent it my way to katie@moneypilotadvisor.com 

Hello and welcome to the 55th Episode of the Money Pilot Financial Advisor Podcast. For those of you who have stuck with the podcast to middle age, Thank You! I love speaking with you each week and bringing you info on money and finance that you can use to live your best life. In celebration of Episode 55, today we’re talking about you turning 55 and your Thrift Savings Plan (TSP). TSP is very similar to a workplace 401k. But there are a few differences and today’s discussion is about one, TSP and being age 55.

You have probably heard that you can’t withdraw money from your TSP before age 59 ½ without paying a 10% tax penalty. But if you separate from service in the year you turn 55 years old or later, you can withdraw any or all of your TSP without paying the 10 % penalty. You will still have to pay tax on Traditional TSP withdrawals, but you won’t face a penalty. 

Now, if you are a federal employee under the special retirement provision for law enforcement, firefighting, and air traffic control personnel who reach retirement eligibility earlier than other federal employees, you can make penalty-free withdrawals from TSP when you separate from service at age 50 or later.

This penalty-free withdrawal is only available if you separate from service when you are age 55 or older. This applies to both military and civilians. In practice, few military will be able to serve until age 55, even if you wanted to. But if you do, you can take advantage of this penalty-free withdrawal just like the civilians. If you separate or retire before that, you won’t be able to take advantage of this when you turn 55. You must separate at 55 or later. Or if you are under the civilian special retirement provision age 50 or later.

Just because you can tap your TSP early without penalty, it doesn’t necessarily mean it is a good idea. You could be living in retirement for 40 more years. TSP makes up a key component of Federal Employee Retirement System (FERS) and military Blended Retirement System (BRS) retirements. Leaving TSP to grow can help offset higher costs of living later in life because of inflation and higher need, like more healthcare as you age. But if you need it, maybe for a gap in income or a one- time expense, you can takea TSP distribution without a penalty if you separate at 55 or later. 

For example, minimum retirement age for most FERS employees is between 55 and 57 years old. But you can only begin receiving retirement benefits at that MRA if you have 30 years of service. If you have at least 20 years of service you can receive your full retirement pay starting at age 60. This is a good example of a situation where you might need or want to tap TSP early. If your federal MRA is age 56 and you call it quits at age 58 with 26 years of service. You’ll eligible for your full retirement at age 60. But still that’s 2 years away. You may have saved enough to tide you over to 60, or take up another job outside of government service. But if you still have a gap and need a source of income for those 2 years before your pension starts, this rule could be a solution. 

To wrap up, anyone can begin withdrawals from your TSP any time after you reach age 59 ½ without penalty. But if you separate from service when you are age 55 or older, you can begin distributions from TSP without paying the 10% penalty anytime. Just remember you will still owe income tax on distributions from Traditional TSP. But if you meet the 55-year-old rule, you won’t have to pay the additional 10% early withdrawal penalty. And lastly if you  under special retirement provisions, the rule is 50 or older for you.

I hope you’ve enjoyed today’s podcast and keep your questions coming. I specialize in helping military and federal employees navigate transitions and gaps. If you’d like help with your financial decision making, reach out, I’m here for you.

Listen in to this weeks podcast from Pastor Dom on tithing. Tithing doesn’t get you to Heaven, but it is an act of obedience. Check it out to hear more!

While the stock market may post impressive averages, you're unlikely to see that return in a particular year. To get the "average" you must accept the ingoing fluctuations.

Entrevue avec la comédienne et productrice, Sophie Lorain : "Les Invisibles", une adaptation de la série française "Dix pour cent", à TVA dès le 7 janvier. 

Discussion avec Lise Ravary. 

Une production de QUB radio
Décembre 2018

Pour de l’information concernant l’utilisation de vos données personnelles - https://omnystudio.com/policies/listener/fr

Dans la population, il y aurait environs 10% de gauchers. Ce chiffre en apparence aléatoire est récurrent, peu importe les cultures ou les religions. Pourquoi ce déséquilibre? Qu’est ce qui, dans le cerveau ou les gènes, différencie un gaucher d’un droitier? Avec Hélène Laurin et Charles Trahan.

Pour de l’information concernant l’utilisation de vos données personnelles - https://omnystudio.com/policies/listener/fr

On the latest show…

Jason Turcotte, vice-president of development at Cressey Development Group, discusses the City of Vancouver’s new 10% local-first program. 

How is Vancouver’s Railtown neighbourhood evolving? Rendition Developments president Brian Roche discusses the community’s first major commercial development.

Hayley Woodin hosts, see more at https://biv.com/.

See omnystudio.com/listener for privacy information.

There’s one thing faithful tithers share in common: they’ve tested God and found His promises to be true regarding money.