Return-Path: Delivered-To: diana@transocean.com Received: from vps.transocean.com by vps.transocean.com (Dovecot) with LMTP id hdMkIxDHSVgCWgAAInt2oQ for ; Thu, 08 Dec 2016 12:48:16 -0800 Return-path: Envelope-to: diana@transocean.com Delivery-date: Thu, 08 Dec 2016 12:48:16 -0800 Received: from [198.23.175.117] (port=55604 helo=dogbreedsfact.com) by vps.transocean.com with esmtp (Exim 4.87) (envelope-from ) id 1cF5bz-0006FK-Br for diana@transocean.com; Thu, 08 Dec 2016 12:48:16 -0800 Date: Thu, 08 Dec 2016 15:46:45 -0500 Content-transfer-encoding: 8bit Reply-To: "Jose Taylor" Message-Id: From: "Jose Taylor" Mime-Version: 1 Subject: Retired and own your home? You can have a monthly income for the rest of your life and stay in your home as long as you want. Content-Type: text/html; charset=UTF-8 To: X-Spam-Status: No, score=3.5 X-Spam-Score: 35 X-Spam-Bar: +++ X-Ham-Report: Spam detection software, running on the system "vps.transocean.com", has NOT identified this incoming email as spam. The original message has been attached to this so you can view it or label similar future email. If you have any questions, see root\@localhost for details. Content preview: Reverse Mortgage Options Typically you need to keep the money in the plan until you reach age 59 . Withdraw any of it before then and you'll be hit with a bruising 10 percent early withdrawal penalty, on top of the regular income tax that is due on withdrawals from all traditional defined contribution plans. Bad idea. There are exceptions, however. The IRS waives the 10% penalty for certain "hardship" withdrawals. Each plan's rules vary (check yours to be sure), but you may be able take money out of your retirement account penalty-free before age 59 if you use it for expenses after the onset of a sudden disability, or for unreimbursed medical expenses that are more than 7.5% of your adjusted gross income (10% if you????????re under age 65). Don't count on it, though. This money is locked up until retirement for a very good reason: If you spend it now, you risk jeopardizing your financial security when you're older. If you can't get the money anywhere else, your best option is probably a loan. Many defined contribution plans allow you to borrow against the amount in your account. You must repay the money to your account within a set period - usually a few years - or the loan is treated as a withdrawal, meaning you'll owe taxes and a 10% penalty on it. There are three main drawbacks to taking out a loan. First, you reduce the money you have growing for your retirement years. Second, you have to pay interest on the amount you borrow - typically the prime rate plus one percentage point - though you do pay the interest to yourself. Third, you must repay any outstanding loan within a few months if you are laid off or decide to change jobs. [...] Content analysis details: (3.5 points, 5.0 required) pts rule name description ---- ---------------------- -------------------------------------------------- 0.0 URIBL_BLOCKED ADMINISTRATOR NOTICE: The query to URIBL was blocked. See http://wiki.apache.org/spamassassin/DnsBlocklists#dnsbl-block for more information. [URIs: dogbreedsfact.com] -0.0 SPF_HELO_PASS SPF: HELO matches SPF record -0.0 SPF_PASS SPF: sender matches SPF record 0.0 HTML_MESSAGE BODY: HTML included in message 0.0 HTML_IMAGE_ONLY_32 BODY: HTML: images with 2800-3200 bytes of words 0.7 MIME_HTML_ONLY BODY: Message only has text/html MIME parts 0.0 HTML_IMAGE_RATIO_08 BODY: HTML has a low ratio of text to image area 0.8 BAYES_50 BODY: Bayes spam probability is 40 to 60% [score: 0.5015] 0.0 HTML_EXTRA_CLOSE BODY: HTML contains far too many close tags 2.0 RDNS_NONE Delivered to internal network by a host with no rDNS 0.0 T_REMOTE_IMAGE Message contains an external image X-Spam-Flag: NO Reverse Mortgage Options

Typically you need to keep the money in the plan until you reach age 59 . Withdraw any of it before then and you'll be hit with a bruising 10 percent early withdrawal penalty, on top of the regular income tax that is due on withdrawals from all traditional defined contribution plans. Bad idea. There are exceptions, however. The IRS waives the 10% penalty for certain "hardship" withdrawals. Each plan's rules vary (check yours to be sure), but you may be able take money out of your retirement account penalty-free before age 59 if you use it for expenses after the onset of a sudden disability, or for unreimbursed medical expenses that are more than 7.5% of your adjusted gross income (10% if you????????re under age 65). Don't count on it, though. This money is locked up until retirement for a very good reason: If you spend it now, you risk jeopardizing your financial security when you're older. If you can't get the money anywhere else, your best option is probably a loan. Many defined contribution plans allow you to borrow against the amount in your account. You must repay the money to your account within a set period - usually a few years - or the loan is treated as a withdrawal, meaning you'll owe taxes and a 10% penalty on it. There are three main drawbacks to taking out a loan. First, you reduce the money you have growing for your retirement years. Second, you have to pay interest on the amount you borrow - typically the prime rate plus one percentage point - though you do pay the interest to yourself. Third, you must repay any outstanding loan within a few months if you are laid off or decide to change jobs.