Required minimum distributions (RMDs) start in the year you turn 73. Your RMD is determined by your age and account balance at the end of the previous year. Failing to take your RMD could result in a ...

Navigating inherited individual retirement accounts (IRAs) has become increasingly challenging for beneficiaries. Recent legislative changes and regulatory updates have introduced new and important ...

What's the minimum? It depends on your age and the total market value of your retirement accounts as of the end of calendar 2024. Here's the required minimum distribution on $50,000 worth of ...

There is no best time to take a required minimum distribution (RMD), but delaying until December can maximize tax-deferred ...

The IRS issued a Private Letter Ruling on Section 402(c)(9), concluding that taxpayer, as the surviving spouse of the decedent, will be treated as having acquired the lump sum distribution ...

Some people like to imagine the ideal windfall: A surprise (and tax-free!) inheritance from a distant relative whom you barely remember or never met. It’s much less fun to think about navigating a ...

Roth IRAs (Individual Retirement Accounts) are gaining traction as a key part of your estate planning due to their tax-free growth on both contributions and investment earnings. Unlike 401(k) plans, ...

If you inherited an IRA, that windfall may cost you money if you aren’t careful. That’s because there are rules surrounding inherited IRAs to ensure the money is eventually taxed and the IRS is paid.

Looking to save money on taxes and have your retirement income go further? Retire to one of these 18 U.S. cities where 401(k) ...

Traditional tax-deferred account types is where the RMD will apply. The notable exception is anything with a Roth tag applied to it. The age for RMDs had been stuck at 70 and a half for many years. It ...

Plains All American offers a high 8.7% yield, a strong balance sheet, and trades at a compelling valuation in an overheated ...

Retirement is a journey marked by important milestones—ages at which decisions can have lasting impacts on financial security, health coverage and overall well-being. Because many federal employees ...