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Category Archives: 08 – August 2014
No More “Do-Over” From Social Security
In times past, Social Security recipients could file for benefits after reaching 62 years of age, later repay those benefits before reaching age 70, and then start over again drawing with a larger payout. This “do-over” provision has all but … Continue reading
Posted in 08 - August 2014, Social Security
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Hardship Withdrawals
Accessing the funds in your Ministers’ Retirement Plan account prior to age 59½ is made extremely difficult by the Internal Revenue Service rules. Simply stated, the IRS says you cannot access your funds unless you have an “immediate and heavy” … Continue reading