When you turn 70 1/2, tax law demands you take some money out of traditional IRAs and other tax-deferred retirement accounts. One senator wants to make those required minimum distributions, or RMDs, later.
If you miss the 60-day retirement plan rollover deadline, a new IRS ruling could save you from taxes plus the 10% penalty usually assessed in these cases.
If you turned 70 1/2 in 2015 and have an IRA or a 401(k), the IRS says you must take a withdrawal by April 1.
People with student debt are taking longer to find that career job that’s going to pay enough to contribute to a 401(k).
Congress and the president are both looking for ways to encourage retirement savings. Here are their suggestions and some others.
If you’re 50 or older, catch-up contributions can help get your retirement savings back on track and correct the financial mistake of not contributing earlier in your career.
A relatively new way to hold down RMDs is to invest part of the account in a QLAC.
Making it easier to save for retirement — especially for employees of small firms — is a growing business.
Millennials need to stop talking and start saving if they want to retire, researchers say.
People aren’t saving enough for retirement. Are state-based retirement plans an answer, with the requirement that employees have to opt out to not participate?