Saving for retirement isn't just about throwing money into a hole and hoping it will grow. You have to nurture that money ...

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

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 ...

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

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

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

Imagine you’re lining up a row of dominoes. One tap — and suddenly, the whole line starts falling. That’s exactly how taxes ...

Learn the 5 easy steps to start a Gold IRA and protect your wealth from inflation and recession. Discover how to roll over ...

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

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.

Putting too much money into your IRA or withdrawing more than allowed can trigger penalties. If you contribute more than the annual limit, the IRS charges a 6% penalty each year the excess remains in ...

Mayor Brandon Johnson called Thursday for more than $617 million in new taxes on the wealthiest Chicagoans and largest firms in order to blunt cuts imposed by the Trump administration while avoiding ...