Required minimum distributions can be a double hit: they raise taxable income and can pull more of your Social Security into ...

Saving money for retirement in a 401(k) or IRA comes with some big tax advantages. Any money you contribute to the account is tax deductible. On top of that, you won't pay any taxes on gains or ...

Once you reach the age of 73, you’re legally required to take your Required Minimum Distributions (RMDs), ensuring the government can collect taxes on your money. If you’re already above 73, or are ...

If you’ve been patiently waiting to crack open your nest egg, you’re not alone. Uncle Sam has also been biding his time until you turn 73 so he can finally collect his due. What’s so special about ...

You're probably aware of required minimum distributions (RMDs) if you're retired or nearing retirement. But did you know that RMDs were first mandated in 1974, the same year individual retirement ...

Forbes contributors publish independent expert analyses and insights. True Tamplin is on a mission to bring financial literacy into schools. The Annual Percentage Rate is a fundamental concept in ...