Business Intelligence | From W.D. Strategies on MSN

5 tips for avoiding penalties on your first required minimum distribution

Retirement planning is full of twists and turns, yet few things cause as much confusion as required minimum distributions.
This new rule will give families more flexibility by allowing some people to tap into their retirement savings early without the usual penalty, to help cover the cost of long-term medical care even ...
Many Vanguard clients in their 70s and above missed required minimum distributions from retirement accounts in 2024. Missing ...
Nearly seven percent of retirees fail to take their required minimum distributions from retirement accounts each year, a ...
If you’re entering retirement, it’s essential to understand how required minimum distributions, or RMDs, work. Tax-deferred ...
In the 2007 budget unveiled last week, President Bush proposed $85 million over the next 10 years for a series of federal retiree initiatives that his administration is compiling into a legislative ...
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.
We've tracked this promise on penalty-free 401(k) withdrawals since President Barack Obama took office. It seems like it's time to stick a fork in it and declare it done. The measure, which Obama ...
Retirement no longer feels far off for Generation X – those born between 1965 and 1980. A fortunate few may have already exited the workforce and many more will follow in the next two decades. Early ...
The majority of Americans wouldn't be able to cover an unforeseen $1,000 expense with money from their own savings, according to Bankrate's 2024 emergency savings report. But a relatively new rule may ...
Ready for retirement? Discover strategies to protect savings and create guaranteed income from your TSP. Register now for expert-led webinars: dcsofa.org/events ...