Learn how to calculate IRS’s 10% early‑withdrawal penalty on 401(k)s—with examples, exceptions, SECURE 2.0 updates, and penalty‑free alternatives.

The IRS mandates withdrawals from pre-tax retirement accounts once you reach a certain age. These are referred to as required minimum distributions (RMDs). For many retirees, RMDs don't change much ...

Calculating your Required Minimum Distribution is a straightforward process once you have the information you need from the IRS.

Deciding how much to withdraw from your retirement accounts means finding a balance between enjoying life and making your ...

Some future retirees could end up getting more time to amass a heap of money that won't be taxed when they or their heirs tap it. Under a provision in a federal retirement bill that cleared the House ...

Retirement planning involves more than building a nest egg, it also requires managing taxes so you keep more of your savings.

With retirement planning and taxes, there are often two ways to look at a question: First, can you do something, and then, ...

Anyone facing required minimum withdrawals from retirement accounts should note there's been a change to calculating those amounts. Starting this year, new IRS life expectancy tables — which are used ...

As the year-end approaches, financial planners are chasing down the last of their clients who have still not made their required minimum distributions (RMDs) from their retirement accounts. The ...

When it comes to required minimum distributions, there are plenty of ways to make mistakes. This year, the chore may seem even more confusing than usual. After being waived for 2020, those RMDs — ...