Daily Archives: January 23, 2020

States Can’t Pay The Bills

States, who cannot print money, are requiring more and more revenue as they fall further behind in retiree pension and health care requirements. It is highly likely that state and local taxes will have to be raised even further. I would like you to visit www.truthinaccounting.org. Some states only have 10 percent of the money…

The Rule Of 55

This is a little-known rule that is available to participants of 401k’s and 403b’s. The rule says you can withdraw money from these accounts when you terminate employment at age 55 without paying a penalty. You still must pay the income tax on the money, but there is no penalty. The rule goes into effect…