After a certain age, holders of retirement accounts such as Individual Retirement Accounts (IRAs) are required to start making mandatory withdrawals, known as Required Minimum Distributions (RMDs).

One of the most common mistakes is failing to understand the fundamental differences between the two types of IRAs. In a ...

A spousal IRA isn’t a unique type of IRA or a joint account, but instead it is a separate IRA opened and owned in the name of the nonworking or low-income earning spouse. This w ...

While there's no way to completely avoid paying taxes on your traditional or simple IRA withdrawals, there are a few ways to reduce what you owe on these tax-deferred accounts. In certain situations, ...

I'm 84 and widowed. My daughter is the beneficiary of my IRA and the successor trustee for my revocable living trust. She's in a shaky marriage that could soon end in divorce. How can I prevent her ...

Parents can contribute up to $5,000 per year per kid into a Trump Account. This figure will be indexed to inflation starting ...

Certified financial planner and public accountant Robert Zalokar, who is the president of LifeGoals Financial in Owosso, ...

Retirement expert Denise Appleby shares common pitfalls and real-life examples for IRAs, required minimum distributions, and ...

A Roth IRA can be a great way to save for retirement, as the accounts have no required minimum distributions and you can withdraw the money tax-free.

The market's recent rebound and current bullishness is giving some retirees good reason to make these withdrawals as soon as ...