55be9034d4 Disclaimer LIBOR Warning: Neither BBA Enterprises & Federal Retirement Civil Service Retirement Planning Guide About the Retirement Planning Guide. p.50 confuses income limit for contribution with income limit for taking a deduction. pg 268, near the bottom: "A trust in which the settlor is the source of the assets contributed is known as a self-settled trust". Ferri Overview The Bogleheads are back-with retirement planning advice for those who need it! Whatever your current financial situation, you must continue to strive for a viable retirement plan by finding the most effective ways to save, the best accounts to save in, and the right amount to save, as well as understanding how to insure against setbacks and handle the uncertainties of a shaky economy. Typically, such accounts are set up directly by you with a brokerage house. Note the distinction: This book is not about saving/investing for retirement.
But if you give this book your time and attention for several evenings and think about whats being said in terms of your own life and then turn some of the ideas into action youll find yourself in a much better place for retirement. These all work in more or less the same way you put in money youve earned from your career after taxes, pay taxes on any gains that you make with that money, but you have the freedom to withdraw it and do what you want with it without any additional penalty. From Barry Barnitz: (OK'd by Mel Lindauer) Printers errors: . During transcription from my original data to a format suitable to the publisher for printing, some numbers got jumbled. The word settlor should be replaced by the word "beneficiary"?. These are accounts you can set up with brokerage houses that take advantage of specific tax laws to either defer your tax payments on your earnings to retirement or, in the case of Roth IRAs, eliminate them entirely. Stermer).
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