I'm one of many people, I'm sure, who've been blindsided by IRMAA. I'm trying to plan my 2025 income now to minimize my 2027 Medicare charges. I'm filing single. It seems that no one knows what the ...

In life, you often get second chances — and the same is true with investing. To illustrate: You might not have been able to contribute to a Roth IRA during ...

Support Baystate Health Foundation and other charities you care about through a qualified charitable distribution from your IRA ...

Learn the rules and strategies for inheriting a 401(k) as a non-spouse beneficiary, including tax considerations and ...

If you sold investments for a profit in 2024, you could be facing a tax bill unless you sold other investments at a loss to offset that profit. In either case, just how much of your investment ...

Another reason to take your RMD in January is that you can't make Roth conversions until after you've finished taking your ...

It is going to collect taxes. Retirement accounts like 401(k)s and traditional IRAs allow you to take a tax break up front, ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. If you're at least 73 years old and own ...

How Is a Required Minimum Distribution Calculated? The annual RMD is determined by dividing the retirement account’s prior ...

Last year, the IRS issued its long-anticipated final (and newly proposed) regulations to address SECURE 1.0 and 2.0 Act changes to the ...

The deadline for 2024 required minimum distributions (RMDs) has passed for most seniors. But if you turned 73 last year, you ...

As we embark on a new year, it’s time to take a fresh look at your financial strategies, particularly when it comes to your ...