Missing or miscalculating your RMD can lead to a 25% IRS penalty. Learn the most common errors and the steps to correct them, ...

Unlike most personal finance questions, the answer to this one is short and simple: yes, waiting until April 1st to take your ...

A married couple, both 73, holds a traditional 401(k) that has grown to $1.5 million. They collect Social Security. Their tax ...

A business owner at 58 with $1.2 million in a 401(k) faces a decision most retirement planning frameworks miss: how to ...

Two retirees. Same $2 million portfolio. Same $80,000 annual withdrawal. One retired in 1995, the other in 2000. Five years ...

Discover the average 401(k) account balances for 73-year-old Americans, and get tips on growing your savings, whether you've ...

A Detroit listener named Dave put a sharper question to financial advisor Wes Moss than most people bother to ask: if Roth ...

In the world of tax law, truly “free” lunches are rare. Usually, a tax break in one area requires a sacrifice in another.

If you don't take either RMD on time, you risk a 25% penalty on whatever funds you don't remove from your retirement account.

You can't escape income taxes, but retirement savers do have some choice as to when and how you pay them.

Q. Within a given year, is there any advantage to taking your required minimum distributions as soon as you can, or taking it ...

According to a recent Pew Research Center report, 40% of adults worry they won't have enough money to last through retirement. But how much is "enough"? Data from the Bureau of Labor Statistics ...