You spend decades of your life stashing away money into retirement accounts. But one day, that switch flips, and you go from ...
But as millions of us march closer to retiring every day, there's danger afoot, as was revealed in a recent Motley Fool ...
Calculating your RMD only requires two numbers. You'll need your retirement account balance as of Dec. 31, 2024. Check with your plan administrator if you're not sure what this was. You'll also need ...
Retirees with significant assets often have to plan around required minimum distributions (RMDs). If you already have sufficient income and don't need the money in a pre-tax portfolio, annual RMDs can ...
Remember that as you get closer to retiring, your retirement portfolio should be less risky. Consider safer investment ...
Legislation has been reintroduced in the House of Representatives that would require businesses to pay at least 50 cents into an employee’s retirement savings plan for every hour worked.
It’s human nature to wait until the last minute rather than plan ahead—perhaps especially when it comes to retirement planning. There’s always plenty of other excellent uses for your money, until ...
Being advised to max out your 401(k)is Personal Finance 101. But is that universally solid guidance? Tax-sheltered retirement plans offer the convenience of automatic investments and tax breaks—pretax ...
Trina Paul is a Breaking News and Personal Finance Writer at Investopedia, covering topics like retirement, consumer debt, and retail investing. She focuses on making complex financial topics ...