bus math qrb501 wk5 qu-6

Business Math, Ch. 13

Retirement?

If you find yourself in a situation where you need liquidity and you look to your retirement investment funds, please be sure to learn the RULES of withdrawal and understand all of the penalties before you withdraw your money.  I have several friends who were unaware that you could borrow against your retirement funds in many cases rather than withdrawing them.  Borrowing rather than withdrawing helps you to avoid the added costs of early withdrawal penalties. Of course, it is always best to neither withdraw nor borrow, so many people do not even discuss this topic.

Class, here is an article you might find informative.  http://www.clarkhoward.com/investing-101-tips-faqs-basics

It is written by Clark Howard who is a consumer reporter here in Atlanta on my employer's radio station.  He has also appeared on CNN and various other television channels offering great consumer advice.  The website above has a quick and easy-to-understand explanation of different types of accounts.  There's a lot of great free information out there if you search for it.  Consumer reporters such as Clark Howard are generally a great source because they do not have an allegiance to certain investments or companies.