Once you hit 73, it’s time to start withdrawing money from your tax-deferred retirement accounts, whether it’s a 401(k), IRA, ...

To avoid situations where someone doesn't make any withdrawals so they don't ever have to pay taxes, the IRS enacts required minimum distributions (RMDs), which begin the year you turn 73. The exact ...

Anyone facing required minimum withdrawals from retirement accounts should note there's been a change to calculating those amounts. Starting this year, new IRS life expectancy tables — which are used ...

One of the biggest benefits of saving in traditional retirement accounts like a 401(k) or IRA is the upfront tax break you receive. You won't owe any income taxes on contributions in the year you make ...

It's smart to read up on important retirement topics as you inch closer to not working for a living anymore. The more you know, the better decisions you'll likely make, and that can help you keep more ...

The federal government encourages retirement savings by offering a tax break for anyone who contributes to certain retirement accounts like a 401(k) or IRA. If you save money in a traditional ...

In the July 22, 2024, Slott Report, my colleague Sarah Brenner explained how the IRS, in its final SECURE Act required minimum distribution (RMD) regulations issued on July 18, did not budge on a ...

OK, you’re feeling pretty good about your long-term savings habit and now have a rather decent IRA balance. You’re turning 73 or already 73 or older. Now Congress set up a simple rule to force you to ...

Most seniors 73 and older must take RMDs from most retirement accounts by Dec. 31, 2024. There are exceptions for Roth accounts and employer-sponsored plans if you're still working and own less than 5 ...