A 403 (b) plan allows you to save on a tax-advantaged basis, deferring taxes on your income and any investment earnings or ...

Key points An RMD is an amount you must withdraw from certain retirement accounts once you’re 73. You can calculate your RMD using the IRS uniform lifetime table. You may be subject to excise ...

Forgetting to take your first RMD by April 1 in the year after you turn 73 can result in a significant tax penalty. “If you ...

Most people enter retirement without any idea how to manage withdrawing their savings without running out of money. Here is ...

Illinois The state has a flat state income tax of 4.95% and exempts from taxation nearly all retirement income, including Social Security, pensions and 401 (k) and IRA distributions.

A George Mason University finance professor gamed out three common strategies on RMDs to find the best option.

Key takeaways An after-tax 401 (k) lets you contribute taxable dollars to an employer retirement plan once you’ve reached your annual limit.

Many retirees favor tax-deferred accounts like traditional IRAs for their long-term growth potential. However, once Required ...

Learn about retirement plan consolidation and how it can simplify your retirement planning, potentially reduce fees, and ...

Learn about the loan limits and eligibility criteria for borrowing from your 401(k) plan. Understand how much you can borrow ...

Luckily, some states don’t have income tax, which in turn translates into no taxes on Social Security income, adjusted gross income or retirement distributions, and some states exempt retirement ...