A new year raises an old, perennial question about how retirees should optimize the use of their retirement savings.

Nearly seven percent of retirees fail to take their required minimum distributions from retirement accounts each year, a ...

But keep in mind that you can't keep all that money in there forever. The IRS requires you to begin withdrawing money from ...

Early withdrawals can shrink your 401(k) savings. See how to calculate the IRS 10% penalty, and learn about exceptions, SECURE 2.0 updates, and penalty‑free alternatives.

Required minimum distributions (RMDs) on pre-tax retirement accounts start at age 73 for account holders born between 1951 ...

If you play your cards right, you can avoid an unwanted tax bill. When I first started working full-time and was able to make ...

The new change to catch-up contributions could mean you’ll have more taxable income in the next filing year. For ...

If you’re entering retirement, it’s essential to understand how required minimum distributions, or RMDs, work. Tax-deferred ...

As many as 7% of retirees aren't taking required withdrawals from their accounts, a mistake that can be costly. Luckily, ...

When times are tough and household budgets are under severe strain, taking cash out of your 401(k) plan can provide some relief. However, it’s best to be cautious, as there are specific rules related ...