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

The IRS has released new guidance on retirement plan distributions, clarifying early withdrawal exceptions and required ...

Required minimum distributions (RMDs) begin the year someone turns 73 years old. RMDs are based on your age and account value at the end of the previous year. The initial penalty for a missed RMD is ...

Update to our plan for retirement with diverse and changing income sources. Summary of results and observations for the first three years. Key retirement considerations discussion - what we've learned ...

I have always said that asset accumulation is easy but the true difficulty is in asset distribution. There is no single plan that is right for everyone. Perhaps the best-known distribution plan is the ...

If you want to become wealthy, an essential habit you should create is regularly investing a portion of your income in a tax-advantaged retirement account. You may have an excellent option at work, ...

I have always said that asset accumulation is easy but the true difficulty is in asset distribution. There is no single plan that is right for everyone. Perhaps the best-known distribution plan is the ...

The IRS provides two sample notices that plan administrators may use: one for eligible rollover distributions from designated ...

In Fields v. Commissioner, T.C. Memo. 2014-48 (March 19, 2014), the Tax Court determined that a petitioner was liable for a 10 percent additional tax pursuant to Internal Revenue Code Section 72(t)(1) ...

Thirteen U.S. states do not tax retirement income in 2026, offering major savings for retirees. Nine states have no income tax, while four exempt Social Security, pensions, IRAs, and 401(k) ...

In general, anyone with a tax-deferred retirement account must take withdrawals called required minimum distributions (RMDs) beginning at age 73. RMDs are calculated by dividing the retirement account ...