Four ways to reduce the tax impact of annual IRA required minimum distributions that investors need to start taking by age 73 ...

A Required Minimum Distribution (RMD) is the minimum amount of money the IRS mandates you must withdraw annually from a tax-deferred retirement account like a traditional IRA. The purpose behind RMDs ...

The Roth IRA is one of the most powerful retirement tools available to American investors, promising a future of tax-free income if you play by the rules. But there's a catch that trips up even ...

If you want to avoid RMD penalties, make sure to arrange for the appropriate amount of money to come out of your IRA each ...

You have a few years to make adjustments before you’re locked into RMDs. You’d be wise to consult a tax pro who can model ...

IRAs are tax-advantaged accounts that the government has strict rules for. Withdrawals made before age 59 1/2 typically have a 10% early withdrawal penalty. Explore all the possible strategies you can ...

Turning 65 can feel like standing on a financial cliff edge. You've spent decades saving, but now retirement is no longer theoretical. It's here. One of the biggest questions people ask at this age is ...

Clinging to 'safe' income and hoarding your principal isn't protecting your wealth; it's shortchanging the retirement you ...

The IRS charges an excess accumulation penalty if a retirement account owner or beneficiary does not withdraw the required minimum distribution (RMD) for the year.

Be sure you understand the tax consequences before making the change Cathy Pareto, MBA and CFP®, is the founder and president of Cathy Pareto & Associates Inc. For more than twenty years, Cathy has ...