Alternatives to traditional IRAs include Roth IRAs, SIMPLE IRAs, and SEP-IRAs. How Traditional IRAs Work Traditional IRAs allow you to direct your contributions to a variety of investment options such ...

There's still every reason to make the most of every dollar at this later stage of life, and you've got plenty of ways to continue doing so.

If the numbers don't match up with what the IRS is expecting on a given return, a taxpayer will receive a notice from the IRS, which further slows the process. Schultz said the better move for ...

However, most accounts inherited since 2020 are now subject to the "10-year rule." The 10-year rule specifies that IRAs must be empty by the 10th year following the original account holder's death.

Early withdrawals are generally subject to a 10% penalty, in addition to normal income taxes. But there are lots of ...

The Internal Revenue Service (IRS) has specific rules for retirees turning 73 in 2024. These rules cover Required Minimum ...

A Roth IRA can be accessed anytime for any reason and is tax- and penalty-free. With the Secure Act, a Roth IRA can continue ...

An IRA is a tax-advantaged retirement savings account. Learn about the types of IRAs and their advantages to help you decide whether an IRA is right for you.

Under current regulations, employers can “force out” accounts with balances under $7,000 into a poorly performing Safe Harbor ...

RMD rules are more than just guidelines, according to EBRI research released last week, but are clearly a defacto default strategy.

Making a last-minute contribution to an IRA before the 2024 tax filing deadline could reduce your 2023 tax bill. Be aware of the income limits associated with IRAs and Roth IRAs to see if you're ...