Understand the consequences of withdrawing money from a 401(k) or IRA retirement account for emergencies and create a plan to ...

There is a two-step process under the SECURE 2.0 Act for increasing the age at which RMDs become necessary. Step 1: Beginning ...

Retirement expert Denise Appleby shares common pitfalls and real-life examples for IRAs, required minimum distributions, and ...

While this sell system is designed to preserve the growth portion of a portfolio, it comes with a downside: Money can be withdrawn from funds in a retiree’s portfolio that they had no intention of ...

With a Roth 401 (k), you pay taxes now and enjoy tax-free withdrawals later. With a traditional 401 (k), you get a tax break ...

Restrictions on Roth IRAs aren't as stringent as those on tax-deferred retirement withdrawals because you've already paid taxes on your Roth IRA contributions, but there are still some rules you ...

Dear Savvy Senior, What can you tell me about spousal IRAs? My spouse and I are in our 50s and are looking for ways to boost ...

Your 401(k) doesn’t just disappear when you die. Here’s how it’s transferred, who gets it, the tax impact, and why ...

When he becomes a GS-13 I can contribute less to his expenses. This allows him to contribute fully to his Thrift Savings Plan with Roth contributions. We have saved $6.5 million in 401 (k), IRAs and ...

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's ...

If you claim early, in 2025, the Social Security Administration (SSA) temporarily withholds $1 of benefits for every $2 ...

From the misleading "$1 million retirement rule" to the oversimplified "buy low, sell high" mantra, these pieces of ...