Recently, I’ve wondered if it makes sense to transfer the inherited IRA to a non-retirement account, take the tax and ...

Seven states offer exemptions for various forms of retirement income. Nine states don't have any state income tax, which also ...

There is a key change for inherited IRAs for 2025. Here's what beneficiaries need to know before year-end to avoid an IRS ...

One way to keep your retirement healthcare costs under control is to make smart Medicare decisions. But whether you're ...

There are currently 41 states and Washington, D.C. that do not tax Social Security benefits. The remaining nine states that ...

Learn about qualified distributions from retirement accounts, IRS rules, tax implications, and how to maximize your tax benefits while avoiding penalties.

Answer: If you got a deduction for contributing this money, and you want to keep the funds you’re required to withdraw, then yes, you have to pay taxes on these distributions.

Transferring some of your retirement savings from a tax-deferred account like a 401(k) to a Roth IRA can help you reduce or ...

Planning how and when to withdraw money from your retirement accounts can have a big impact on how much of your savings you actually get to keep. This is especially true with 457(b) plans, which are ...

In the realm of retirement planning, the backdoor Roth IRA stands out as a clever strategy for high earners seeking tax-free income during retirement. However, its advantages extend beyond personal ...

I was the beneficiary of my late wife’s IRA and 401 (k) — but I want our kids to get the cash. Do I still have to take ...

With a traditional retirement plan, you'll not only pay taxes on gains eventually, but you'll also be forced to take required ...