Required minimum distribution rules are shifting again, and anyone with a traditional IRA or employer plan needs to understand the latest changes before 2025 ends to avoid painful penalties and ...

The 72(t) distribution rule allows retirement savers to make penalty-free retirement account withdrawals before age 59 1/2. Early IRA account access can be enticing but can also come with longer-term ...

Inherited retirement accounts that once felt like a windfall are now coming with a firm deadline to pull money out, and the clock is running for many heirs. The rules around required withdrawals have ...

The IRS imposes steep penalties for anyone who misses a required minimum distribution. The rules have changed significantly recently, and 2024 saw some new updates and definitive rulings from the IRS.

One of the biggest advantages of retirement accounts like the IRA and 401(k) is the ability to avoid paying taxes. Instead of paying taxes upfront, you can defer those taxes until retirement.

To encourage more Americans to save for retirement, Congress passed the SECURE Act in 2019. The measure significantly altered the way Americans saved for retirement, making it easier for small ...

Who you inherit a 401(k) from dictates what you can do with it. Knowing the rules for an inherited 401(k) can help you avoid taxes and penalties. If the 10-year rule applies, keep up with the dates to ...

The penalties for missing an RMD are quite steep, and you'll owe taxes on the withdrawal anyway. The IRS made several updates to how much you must withdraw from various types of retirement accounts ...