Required Minimum Distributions

Looking for an IRA Tax Deduction? Know the IRA Types & Tax Considerations November 14, 2023 12:55 PM   |  

Learn the rules, benefits, and limitations around IRA tax deductions. What are the different types of IRAs, and how can you choose the right one for you?

4 min read  |  IRA & 401k Plans
Avoid Costly Tax Mistakes: IRA & 401(k) Withdrawal Penalties November 6, 2023 12:58 PM   |  

Learn about contributions, early withdrawal penalties, and distributions to help you avoid paying taxes on your IRA and 401(k) retirement funds.

5 min read  |  Tax Strategy
5 Year-End Tax-Planning Strategies to Consider Before the End of the Year November 2, 2023 1:10 PM   |  

It’s a good idea to review tax-planning strategies at the end of the year. Some strategies can even help reduce the tax burden or give yourself a larger refund.

5 min read  |  Tax Strategy
How to Take In-Kind Distributions from Your Traditional IRA October 25, 2023 1:13 PM   |  

Stuck with an RMD? You don’t have to take it in cash. Here’s what you need to know about in-kind distributions from your IRA to your brokerage account.

5 min read  |  Plan Distributions
What to Know About Catch-Up Contributions September 13, 2023 11:59 AM   |  

SECURE 2.0 requires higher earners to put their catch-up retirement savings in a Roth 401(k)—but not until 2026.

5 min read  |  Retirement Strategies
Can You Take Money Out of a Roth IRA? Withdrawal Rules to Know April 19, 2023 12:58 PM   |  

The Roth Individual Retirement Account (IRA) is a popular tax-advantaged retirement account. Here’s what to know about Roth IRA early withdrawal rules.

5 min read  |  IRA & 401k Plans
New Year’s Resolution: Get Up to Speed on New IRA Rollover Rule April 19, 2023 12:52 PM   |  

As new IRS rules on IRA rollover distributions take effect in 2015, it’s important investors understand the implications for taxes and retirement planning.

5 min read  |  IRA & 401k Plans
Near-Identical Cousin? 403(b) Plans & Tax Implications Explained April 19, 2023 12:48 PM   |  

What's the difference between a 401(k) and a 403(b)? Find out when the 403(b) might work for you.

5 min read  |  IRA & 401k Plans
There's Still Time: 5 Tax and Investing Moves Before Year End April 19, 2023 12:29 PM   |  

Don’t get caught flat-footed when it comes to year-end tax and investing moves.

4 min read  |  Tax Strategy
2020 Tax Brackets and Tax Deductions: Silver Linings from COVID-19 Hardships April 19, 2023 12:20 PM   |  

Two COVID-19 stimulus bills plus new tax deductions make the 2020 tax year different. Understand these changes and how they impact your income tax before you file.

5 min read  |  Income Tax
SECURE Act 2.0 Now Law: How It’s Likely to Change Your Retirement Planning February 1, 2023 11:52 AM   |  

SECURE Act 2.0 is now law. With dozens of new provisions, many Americans will get to invest longer for retirement, put away more money, and take advantage of the biggest changes in years for their employer-sponsored 401(k) plans.

5 min read  |  Retirement Planning
What to Do With an Old 401(k)? 4 Choices to Consider December 29, 2022 12:06 PM   |  

If you've frequently changed jobs, you may have forgotten about your 401(k) funds. Read these choices to determine what to do with an old 401(k) held with a former employer.

22 min read  |  IRA & 401k Plans
The SECURE Act: 5 Things You Should Know December 21, 2022 1:48 PM   |  

The SECURE Act is included in the appropriations bill just passed by Congress. Here’s what you need to know about the changes coming to retirement.

5 min read  |  Retirement Planning
Getting Ready to Retire? Know the Tax Implications November 9, 2022 10:57 AM   |  

It’s important to know how tax rules differ in retirement, when your income is typically lower.

3 min read  |  Tax Strategy
What Happens When You Inherit an IRA? Here’s a Breakdown August 31, 2022 11:02 AM   |  

Inherited IRA? Here’s what you need to know about making the most of that money.

5 min read  |  Estate Planning
Ready for Roth? Why Now May Be the Time to Do a Roth Conversion August 29, 2022 2:39 PM   |  

With the stretch IRA gone thanks to the SECURE Act, it might be time to revisit your estate plan. If you have money in a traditional IRA, you might consider a Roth IRA conversion.

5 min read  |  IRA & 401k Plans
To Withdraw or Not to Withdraw: IRA & 401(k) Required Minimum Distribution (RMD) Rules & FAQs September 2, 2021 10:15 AM   |  

New RMD rules require withdrawing funds from your IRA and 401(k) at 72. If you don’t take the required minimum distribution, you could face a tax penalty.

4 min read  |  Plan Distributions
Financial Literacy Month: April Is the Real Time for Resolutions April 1, 2021 3:16 PM   |  

Financial Literacy Month is a good time to think about your financial wellness. Have you set goals, and are you on track to get there?

6 min read  |  Household Finances
CARES Act and Retirement Relief: No RMDs for 2020 October 8, 2020 2:52 PM   |  

How might the CARES Act impact your retirement accounts? Here’s what you need to know about tax and retirement relief in the time of the coronavirus.

5 min read  |  Retirement Planning
Distributions, Emergencies, and More: How to Plan and Prioritize Stock Sales September 4, 2020 10:30 AM   |  

In an ideal world, you’d never need to sell any portion of your portfolio for cash, but sometimes you may have to. Here are some things to consider when selling stocks in an emergency.

5 min read  |  Household Finances
Late Start on Retirement Planning? Start Catching Up on 401(k), IRA Contributions April 3, 2020 10:30 AM   |  

Even if you got a late start on saving for retirement, there are ways to catch up on contributions to your 401(k) or IRA to have better chances of a successful life after work.

3 min read  |  Retirement Planning
Spelling Out the RMD: Understanding Required Minimum Distributions January 31, 2020 10:15 AM   |  

If you’re turning 72 years old and have assets in a traditional IRA, 401(k), or 403(b), you’re subject to required minimum distributions (RMDs). Here are some things to know.

39 min read  |  Plan Distributions
Retirement & Tax Strategies for Income Protection January 7, 2020 12:15 PM   |  

Retirement tax planning can help prevent taxes from chewing up retirement savings. Consider these retirement tax planning strategies, including required minimum distributions, to help protect your retirement income.

4 min read  |  Plan Distributions
Boomer U: Lifelong Learning for Seniors Heading Back to the Classroom May 6, 2019 1:18 PM   |  

Seniors are returning to the classroom to continue their education and skills for a more fulfilling and meaningful retirement.

5 min read  |  Retirement Lifestyle
What Baby Boomers Can Do When Volatility Hits Near Retirement April 15, 2019 4:00 AM   |  

Baby boomers will soon start to enter retirement, and with life expectancy extending, there will be many volatile factors to consider for your own retirement.

5 min read  |  Retirement Planning
Social Security: How It Works and Strategies to Maximize Your Benefits January 23, 2019 4:00 AM   |  

Learn how Social Security works and how to maximize your benefits and retirement income.

5 min read  |  Social Security
Working Toward Retirement Goals? Consider the Max IRA Contribution November 20, 2018 4:00 AM   |  

How can maxing your IRA contributions help you in the coming tax season?

5 min read  |  IRA & 401k Plans
Have You Done Your Annual Retirement Planning Checkup? November 14, 2017 11:00 PM   |  

As the year winds down, it’s time to assess your retirement accounts, look at your retirement plan and determine if you should make an annual contribution.

3 min read  |  IRA & 401k Plans
It's Your Time—How to Shed the Worry and Guilt in Retirement March 7, 2017 11:00 PM   |  

You've worked hard to save for retirement, so now it's important to enjoy the fruits of your labor.

4 min read  |  Retirement Lifestyle
Inherited IRAs and Complex Rules: What You Need to Know January 18, 2017 11:00 PM   |  

Inherited IRAs may be simple exchanges for spouses, but require a little more work for those family members and friends who aren’t.

4 min read  |  IRA & 401k Plans
Late-Year Retirement Checkups = Great. Automating? Even Better December 22, 2016 7:00 PM   |  

Use the final months of the year for retirement account tune-ups, including automated steps that can help you avoid penalty risk.

4 min read  |  Tax Strategy
New Job: Should Your 401(k) Stay, Go, or Roll Over? A Look at IRAs August 31, 2016 12:00 AM   |  

Before getting settled into your new job, think about what to do with your 401(k). Should you leave it alone, join a new plan, or roll over to an IRA?

3 min read  |  IRA & 401k Plans
Making the Most of IRA Withdrawals November 3, 2015 3:00 AM   |  

After years of contributing to your IRA, making withdrawals can take some getting used to. We’ve gathered some possible alternatives to help you manage your mandatory withdrawals.

3 min read  |  Plan Distributions
Back to Work? When an Encore Career Just Doesn’t Pay July 14, 2015 8:00 PM   |  

Working in retirement can stretch your budget and your mind. But there are tax, IRA withdrawal, and Social Security benefits to consider.

6 min read  |  Retirement Lifestyle

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