But there's a big drawback to saving for retirement in a traditional IRA or 401 (k). These accounts force you to take ...

Those 73 and older typically have to take their required minimum distributions (RMDs) by Dec. 31. RMDs are based on your account value at the end of the previous year and your age. You must take RMDs ...

It's hard to believe, but we're just a few weeks away from 2025, and that means the clock is ticking on 2024 required minimum distributions (RMDs). They're required annual withdrawals most workers 73 ...

Retirees heading into 2026 are not facing a brand‑new RMD regime, but they are living with the full impact of changes that ...

Missing an RMD deadline can result in a 25% penalty on the amount not withdrawn. Double-checking your RMD calculations can help prevent a penalty. You're free to withdraw more than your RMD, but ...

If you don't take enough in RMDs from your retirement accounts, you'll face a penalty of up to 25% of what you were supposed to withdraw. Be sure to know the deadline for RMDs and take them earlier, ...

As many as 7% of retirees aren't taking required withdrawals from their accounts, a mistake that can be costly. Luckily, ...

Small financial moves can trigger big IRS bills. A financial planner shares the five tax mistakes he sees clients make—and ...

According to a 2024 research report, $595 billion was rolled over from employer plans to traditional IRAs in 2020. That report also stated that 62% of US households—or 25 million—with IRAs rolled over ...