Fortunately, the Secure Act 2.0 softened the rules a bit. As of 2024, the penalty is reduced to 25% of the RMD. If you can ...

The sweet spot for doing Roth conversions is before you start taking out the required minimum distributions (RMDs) so the ...

Once you reach age 73, you're required to begin withdrawing funds from tax-deferred accounts like a 401 (k), 403 (b), and ...

I plan to convert $100,000 a year to a Roth. I’m 59 and worried about Social Security and RMDs.

1) In a few years I will have to take required minimum distributions (RMDs) from my traditional IRA (currently my only retirement account). I plan to work until age 80 or so. Will I be able to ...

From planning your withdrawal strategy ahead of time to utilizing a nontaxable qualified charitable distribution, these ...

I’m turning 68 shortly and plan to wait to claim my Social Security at age 70 to maximize the monthly benefit. I also plan to ...

The rules governing RMDs for inherited IRAs are more nuanced than the table above (the leading authority for IRAs, Natalie Choate, has written a 127-page supplement on RMDs post-SECURE Act).

If you’re in your 60s and want to delay RMDs, a QLAC is one way to do that. It defers taxes and provides a stream of guaranteed payments later in life — all while playing by the IRS rule book.

Automating your RMDs can help you avoid making emotional decisions regarding withdrawals. Once automation is set up, you're less likely to make impulsive moves based on personal circumstances or ...

Key Points Automating RMDs may be convenient, but it's not for everyone. If your financial situation is complex and your portfolio is stuffed full of different investment types, you may feel more ...