Jeff Massey, Investment Advisor Representative and CFP®, is helping retirees and near‑retirees understand the latest updates ...

Reaching 67 with $2.6 million in a traditional IRA is a financial milestone, but it also creates a new problem: required ...

Retirees with tax-deferred accounts need to know when to take required minimum distributions (RMDs) and how to calculate the ...

This article discusses what RMDs are, how they work, what accounts have them, when you need to take them, how to calculate ...

There are rules you have to follow to get out of paying taxes.

A retirement account is a great place to stash cash during your working career. If you put away enough money, you might even be able to retire early. However, once you turn 73 (or 75 if you were born ...

The ability to make pre-tax contributions to retirement accounts provides a powerful motivation to encourage taxpayers to save for retirement. Still, the ability to defer paying tax on those ...

Missing an RMD deadline can result in a 25% penalty on the amount not withdrawn. Double-checking your RMD calculations can help prevent a penalty. You're free to withdraw more than your RMD, but ...

Required minimum distributions, or RMDs, are the amounts that must be withdrawn each year from specific retirement plan accounts upon reaching the required minimum distribution age. These mandatory ...

Individuals with a tax-deferred retirement account must take withdrawals called required minimum distributions (RMDs) beginning at age 73. RMDs are calculated by dividing the retirement account ...

In general, anyone with a tax-deferred retirement account must take withdrawals called required minimum distributions (RMDs) beginning at age 73. RMDs are calculated by dividing the retirement account ...