There's an IRS formula, which you apply to the balance of the IRA or 401 (k) that you've been saving in for your whole working life, and you make your tax payment on the RMD withdrawal by Dec. 31. If ...

Here’s how to avoid rampant confusion about MAGI, tax-free Roth IRA withdrawals and charitable donations using IRA funds.

For example, some beneficiaries choose to only take the RMDs and end up with a large remaining balance in year 10, which then ...

The SECURE acts introduced several major changes to RMDs over the last few years. The changes impact both retirees and those who inherited an IRA within the last five years. Knowing the rules could ...

The SECURE Act of 2019 and the SECURE Act 2.0 of 2022 all but fundamentally changed retirement account rules in ways that continue to catch both retirees and their beneficiaries by surprise. The ...

Individuals with a tax-deferred retirement account must take withdrawals called required minimum distributions (RMDs) beginning at age 73. RMDs are calculated by dividing the retirement account ...

Investors with self-directed retirement plans can include many types of alternative assets within their plans. These include real estate, precious metals, private equity funding, promissory notes, ...

Waiting until the final hours of the year can be risky. Contact your custodian immediately to ensure your RMD is processed ...

Year-end planning has become even more essential this year due to the passage of the One Big Beautiful Bill Act (OBBBA) ...

I'm 64 and my wife is 65. We have $1.5 million in 401 (k)s and IRAs and $90,000 in a Roth IRA. We are looking to retire next year. I will receive $3,000 in a monthly pension that my wife will inherit ...

Plus: Taxes on bonuses, deducting health insurance premiums, IRS whistleblower program updates, the Corporate Transparency ...