Should I Use My Retirement Fund to Cover Urgent Financial Needs?

Retirement

According to a recent survey, more and more Americans today, especially those in the working class, are turning to their retirement funds in order to finance an urgent need. These individuals either withdraw cash from their IRA, 401(k) or 403(b) funds, or borrow money against qualified retirement accounts.

Now, are you tempted to do the same? If your answer to this question is yes, then we advise you to pay close attention to the remainder of this article. Below we have listed three questions …

How to fix a problem in your SMSF

problem in your SMSF

When you are the trustee or a member of an SMSF, there are undoubtedly issues that will come up from time to time. Here are the top 3 issues that you may face and how to deal with them:

1. You are Personally Liable

This is simply a matter of how much you are willing to research and be aware of legally. When you agree to enter into a Self-Managed Super Fund, you are also agreeing to be personally liable for anything that goes wrong …