Year Out Before Retirement - Am I Ready?
My last blog post was last December, come to think of it, I'm technically able to tap into my retirement accounts. I believe for those who are 59 1/2 years old, your able to draw from these types of accounts without any penalty. But do I need it as this time? As I gear up for retirement next July, I feel I'm in a bit of a speed bump in saving for retirement. Earlier this year, I was hit with a huge tax bill as well as liability on my home insurance. Apparently a tree fell on my home during the winter season. I had to pay for the deductible and that set me back. Tapping into my emergency reserves was hard, but I'm glad something was in the reserves to tap into, that really helped. Also, for some reason, I didn't withdraw enough in taxes and I ended up paying, that also put me in a pickle to tap into my emergency reserves. As a result of these sudden expenses, I had to also finance some of the portion on a credit card. Good thing, I was able to snag a couple of credit c...