In your 70s, it's time to put your retirement plan into action. Here are some tips on how to maximize your success.

Since withdrawals from their Roth IRAs are off the table for now, the couple must choose how much to take from the remaining accounts. They decide to withdraw 60% from their 401 (k)s ($24,000) and 40% ...

Because everyone deals with a different set of circumstances, there's no single set of rules to tell you in which order to ...

Roth conversions, which transform traditional IRAs into Roth IRAs, are a powerful retirement and tax tool. Here are eight ...

To reduce RMDs, you should first prioritize Roth contributions. Roth contributions can be preferable to traditional ...

Maximize savings before the year ends.

After building a million-dollar life, one man says everything changed when his wife had an affair and asked for a divorce. Now, despite keeping the house and the truck, he’s living paycheck to ...

Choosing the right Roth IRA account can significantly impact your financial future by offering low fees and diverse ...

Most federal employees stick with traditional TSP contributions; those made with pre-tax dollars. This presumes that, once you retire, you’ll fall into a lower tax bracket and thus pay less taxes on ...

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.