Engadget has seen plenty of limited edition items looking to lighten the wallets of oil barons and hedge fund managers alike. Now Capcom’s readying its bundle for Resident Evil 6′s Japan launch and it includes protagonist Leon’s leather jacket — available in sizes S, M, L and XL. More
This week in images: beautiful pictures from space–and a picture of a rocket that didn’t quite make it. Snail therapy and pink leopards. Robots made from vacuum cleaners and a picture of London, illegally taken from the top of the unfinished Shards of Glass skyscraper. Click through, look, enjoy, wonder.
Six More Uses for an IRA
Since its inception more than three decades ago, the individual retirement account, or IRA, has solidified its role as the investment tool of choice for long-term savers seeking tax-favored growth.
Some 46 million U.S. households, or 39%, own an IRA, according to the Investment Company Institute, most with the intent of using those dollars to supplement their income after they stop collecting a paycheck.
But the ubiquitous IRA can flex far more muscle than that.
From estate-planning vehicle to emergency reserve to college savings plan, assets held within an IRA can be deployed for a multitude of reasons, often without penalty.
“There are so many exceptions to the early withdrawal penalty that there’s a lot of flexibility in how you can use an IRA,” says Tom Balcom, a CFP with 1650 Wealth Management in Boca Raton, Fla.
You can use your IRA, for example, to pay unreimbursed medical expenses for any amount that exceeds 7.5% of your adjusted gross income — without getting hit with the 10% early withdrawal penalty that normally applies to distributions taken before age 59½. More
The follow-up to the Transformer Prime gets a little upgrade and a significant price drop.
It looks as though we’ll have another new big-name tablet hitting stores in a little more than a week as a new Asus Transformer Pad 300 has started popping up for preorder at some online retailers.
The French tablet maker has apparently dropped the “Eee” from the name, and the new Transformer will join the Galaxy Tab 2 to make its debut on April 22, according to a report from PC World.
Like its predecessor, the Transformer Prime, the new tablet features a quad-core processor and snaps into a keyboard dock (sold separately) to become a full-fledged Android laptop, but at a lower starting price than the Prime.