Answer: It depends. If you are 59½ or older, you can take money from your traditional IRA without penalty. In contrast, if you withdraw from your IRA before age 59½, the taxable portion of your distribution may be subject to a 10 percent penalty on top of whatever income taxes you owe on the distribution.

Women often face special challenges when planning for retirement. Because their careers may be interrupted more often to care for children or elderly parents, women may spend less time in the workforce and earn less money than men in the same age group. As a result, their retirement plan balances, Social Security benefits, and pension

An individual retirement arrangement (IRA) is a personal retirement savings plan that offers specific tax benefits. In fact, IRAs are one of the most powerful retirement savings tools available to you. Even if you’re contributing to a 401(k) or other plan at work, you might also consider investing in an IRA. What types of IRAs

Money is power. A fool and his money are soon parted. A penny saved is a penny earned.  Money is the root of all evil.  Do any of these expressions ring true for you?  As it turns out, the money beliefs our families espoused while we were growing up may have a profound effect on