What can you tell me about spousal IRAs? My spouse and I are in our 50s and are looking for ways to boost our retirement ...

Filing for Social Security early is a complex decision that depends heavily on your individual and family circumstances, including health and financial needs.

If pulling too much from a portfolio during down markets is a bad idea, filing for Social Security might look compelling.

Key Points Once you reach a certain age, you are required to start taking money out of certain retirement accounts. The required minimum distributions, or RMDs, depend on your age and account ...

Planning for what happens to your finances when you're gone can be a tough but necessary conversation. On this episode of Decoding Retirement, Robert "Bob" Powell speaks with Jeffrey Levine, chief ...

Savers with accounts like 401(k)s and I.R.A.s are required to make withdrawals starting at a certain age. Here’s how to handle that during an unpredictable stock market.

Table III shows that the RMD for an individual who is 73 years old in 2024 is typically based on a distribution period of 26.5 years. The Dec. 31, 2023, balance should be divided by 26.5 to ...

Here’s what you can do to prepare for early retirement, as well as a rundown of your options if you suddenly find yourself out of work. Saving for early retirement Figuring out whether you’ve ...

Regardless of why you delay taking your 2025 RMD until early 2026, you will also have your 2026 RMD due by Dec. 31, 2026, causing both distributions to be taxed on your 2026 tax return.

Your RMD is determined by dividing the balance in any given account at the end of the prior calendar year by your life expectancy as assessed by the IRS. If you're 75 and single, for example, the ...

The government imposes RMDs on anyone who turns 73 or older in 2025, and on many who inherit IRAs. Taking your RMD early in the year can lower future RMDs over the long run. You must complete your ...

Jash Kriplani 5 min read 11 Dec 2024, 01:03 PM IST ...