If you’re 60 years old with $1.2 million saved for retirement in a traditional IRA, you may be starting to think about ...

The primary factor in a Roth IRA conversion decision is the difference between the tax rate at conversion and the future tax ...

Once you hit required minimum distributions age (73), how much control do you have over the timing, amount, and source of your distributions? Let’s examine each of the levers. Retirees exert some ...

You might think retirement means freedom from financial rules. You've earned that money, right?It's sitting in your IRA or ...

Required minimum distributions, or RMDs, are the amounts that must be withdrawn each year from specific retirement plan accounts upon reaching the required minimum distribution age. These mandatory ...

A recent post at American IRA has the answers. ASHEVILLE, NC, US, January 11, 2024 / EINPresswire.com / -- Noting that there are plenty of legitimate ways to avoid the taxes that can come with poor ...

In general, anyone with a tax-deferred retirement account must take withdrawals called required minimum distributions (RMDs) beginning at age 73. RMDs are calculated by dividing the retirement account ...

Question: I am retired and turning 73 in 2025. My brokerage company just informed me by letter that I am required to take a distribution from my traditional IRA account. I do not need the money and do ...

I’m in my mid-70s, have no debt and have managed as a single person to amass about $1 million in traditional IRA savings, plus some non-retirement account investments. I also inherited a traditional ...