The penalty for missing a required minimum distribution (RMD) is one of the largest in the Tax Code. For years it was 50 percent of the amount that should have been taken but was not. That penalty was ...

According to IRA expert Ed Slott (www.irahelp.com ), the penalty protection for missed required minimum distributions (RMDs) may not be as good as it seems. The SECURE 2.0 Act, passed at the end of ...

Whether it's the soaring costs of living, surging debt, or to address emergency expenses – the devastating impact from Hurricane Helene and Hurricane Milton in the Southeastern US comes to mind – ...

The IRS wants feedback from taxpayers, and the Taxpayer Advocacy Panel, made up of citizen volunteers, is one option for accomplishing that goal. Have you ever thought that the IRS could use some help ...

Investors older than 70 1/2 must withdraw an IRA required minimum distribution (RMD) from traditional/SEP/SIMPLE IRAs and 401(k)s by the applicable deadline--normally ...

‘Tis the season for identifying and correcting excess IRA contributions. It seems as if every other recent inquiry is about this subject. To keep readers on the straight and narrow, here are ten ...

Listen and subscribe to Decoding Retirement on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. When it comes to individual retirement accounts (IRAs), the opportunities for ...

Most workers spend a lifetime building up their retirement plan balances in their 401(k) accounts. When it comes time to cash in your 401(k), however, it's important to make sure that you account for ...

If you're age 73 or older and retired, the annual deadline for required minimum distributions is approaching, according to the IRS. Generally, you must start RMDs by age 73. The first due date is ...

Hurricane season is here, but not all hurricanes are alike, according to the Tax Court. In a recent case (Carter v. Commissioner, T.C. Summ. Op. 2012-33, April 17) the court ruled that a couple owed ...