A major change is the reduction of a big penalty. But it's still a big penalty.

The IRS has a say in how much you withdraw from your retirement. Here's what that means for a $400,000 balance.

The way the government does that is by mandating people take what are known as required minimum distributions, also called ...

Retirement accounts like a 401(k) or IRA come with some big advantages. Perhaps the most attractive benefit of these accounts is you can defer your taxes until retirement. Doing so could give you more ...

Elizabeth Blessing is a financial writer and editor specializing in growth investing, high-yield stocks, small caps, and gold investing. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA ...

Importantly, RMD rules do not apply to Roth accounts while the original owner is alive, but beneficiaries of Roth accounts must abide by RMD rules. Each year, accountholders generally have to take ...

If you spent your working years contributing to a pre-tax retirement plan, you paid no federal or state income tax on that ...

Roth options to their employees. If your employer does, you should definitely consider taking advantage because of the tax advantages you will receive. When you reach age 73, when required ...

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 ...

Retirees with tax-deferred investment accounts must make annual withdrawals, called required minimum distributions (RMDs), beginning at age 73. RMDs are calculated by dividing the retirement account ...