A new year raises an old, perennial question about how retirees should optimize the use of their retirement savings. Are you someone who likes to get things done sooner than later? If so, and if ...
At 73, you’ve reached a significant milestone, which is a result of a lifetime of hard work, planning, and perseverance. Congratulations! However, this particular birthday also comes with an essential ...
RMDs are due when you reach age 73 (or 75, if you were born in 1960 or later). Failure to take your RMD by the deadline could lead to an excise tax of 25%. Still working? Be sure to find out if you ...
You spend decades of your life stashing away money into retirement accounts. But one day, that switch flips, and you go from withholding contributions to withdrawing your hard-earned funds. That day ...
Dear Liz: I’m confused about required minimum distributions from my retirement accounts. I’d like to avoid taxes on my withdrawals, but it seems there is no way to avoid them. Please give me some ...
Required minimum distributions, or RMDs, are the amounts that must be withdrawn each year from specific retirement plan accounts upon reaching the required minimum distribution age. These mandatory ...