If you inherit a tax-deferred retirement account, like an IRA or a 401(k), you’ll pay income taxes on the money when you withdraw it. Those withdrawals are subject to your marginal tax rate, not the ...

Deciding how much to withdraw from your retirement accounts means finding a balance between enjoying life and making your money last. Taking too little leaves you with unused savings, while taking too ...

New IRS rules for inherited IRAs became effective last year. Pay attention to avoid a 25% penalty and a "tax bomb".

Some people will spend decades saving and investing for retirement, only to discover that they missed a step along the way. That commonly "missed" step? Devising their plan for decumulation − in other ...

Question: I’m preparing for retirement and trying to figure out where I should go for money to meet my income needs. I understand that it’s important to start by withdrawing from some accounts and ...

Are you feeling overwhelmed by Roth IRA vs Traditional IRA tradeoffs? Then add terms like Deductible, Non-Deductible, MAGI, RMDs, phaseouts—it can feel like you need a tax degree just to choose an ...

SAN DIEGO (KGTV) — If you were born before 1952 and have traditional investment plans, there are some important withdrawal requirements you need to meet or else you may have to deal with penalties.

Forbes contributors publish independent expert analyses and insights. Host of the Retire Sooner podcast and CFP™ practitioner. Many investors gain penalty-free access to retirement accounts at age 59½ ...

It's common knowledge that many Americans struggle to save enough money for retirement. But another challenge is how to turn those savings into an income. On Monday, Bank of America rolled out a new ...

Bill Bengen, the father of the 4% rule, agrees that a 4% withdrawal rate doesn't work for everyone. Most retirees can withdraw more without worrying about running out of money. The ideal withdrawal ...

“But what about my RMDs?” That’s the question I’ve heard the most frequently in the context of our research on safe withdrawal rates. For retirees seeking to take a fixed real withdrawal from their ...

After determining what your ‘mandatory’ income will be, you need a plan to determine the most tax-efficient way to access other savings ...