The SECURE 2.0 Act made major changes to rules for required minimum distributions (RMDs) — are you up to speed?

Withdrawals from 401(k)s must follow IRS guidelines to avoid taxes and early withdrawal penalties. Learn strategies to get ...

In 2022, Congress passed the Secure 2.0 Act, which affected many 401(k) rules the workers need to know about today. The Act mandated that certain 401(k) retirement plan changes would be made in stages ...

RMD rules change periodically due to legislative updates. For instance, the Secure 1.0 Act (passed in 2019) increased the age at which RMDs begin and introduced a mandatory 10-year liquidation rule ...

Inheriting a 401(k) comes with a range of beneficiary rules that vary depending on the beneficiary's relationship to the ...

Congress has changed the rules for when beneficiaries must take money from inherited IRAs, 401(k)s, and other retirement accounts. Here’s how to avoid the most common tax traps. Planning for inherited ...

Retirees with tax-deferred accounts should know when to take required minimum distributions (RMDs) and how to calculate the amount.

An internist on a hospital W-2, age 60, $390,000 salary, $1.7 million in the 401(k), four years from a planned retirement at 64. The conventional advice says max the plan and ride it to 65. A growing ...

RMDs are the government’s way of getting the taxes owed on pre-tax contributions to retirement accounts. If you don’t want to keep track of due dates, consider automated withdrawals. The $23,760 ...

Some rules seem to be good for a lifetime. On the other hand, some finance rules seem to make less sense over time.

Required minimum distributions, or RMDs, are the amounts that must be withdrawn each year from specific retirement plan accounts upon reaching the required minimum distribution age.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 ...