Inheriting a retirement account is supposed to feel like security, not a tax trap. Yet the current inherited IRA regime can ...

Dealing with the death of a loved one is hard enough. Having to navigate the complexities of inherited retirement accounts can add to that stress. But understanding your options can help you avoid a ...

Required minimum distributions (RMDs) on pre-tax retirement accounts start at age 73 for account holders born between 1951 ...

I’m in my mid-70s, have no debt and have managed as a single person to amass about $1 million in traditional IRA savings, plus some non-retirement account investments. I also inherited a traditional ...

SECURE 2.0 raised the RMD age to 73 for those turning 72 in 2023 or later. It rises to 75 in 2033. Non-spouse beneficiaries who inherited IRAs after 2019 must take annual RMDs in years 1-9 if the ...

Your adult children may covet your 1950s baseball-card collection, but unless there’s a mint-condition Willie Mays or Ted Williams in the stack, it won’t mean much to their financial security. An ...

When it comes to making retirement plans, a Roth IRA is one of the best options available. Any money net of taxes put into a Roth IRA grows tax-free. Also, account holders don’t pay any taxes or ...

RMDs kick in in the year you turn 73 years old. Roth 401(k) account owners are no longer subjected to RMDs. The penalty for missing an RMD has decreased significantly. The $23,760 Social Security ...

Roth IRA vs Traditional IRA retirement savings decisions are some of the most important financial choices you’ll make when planning for retirement. Choosing between these two types of accounts can ...

You don't have to take a required minimum distribution from your IRA in 2009. Under the Worker, Retiree and Employer Recovery Act of 2008 signed by President Bush on Dec. 23, 2008, RMDs for IRAs and ...