One word of caution on waiting until the end of the year: Don’t wait too long. If any of the transactions you need to make ...

Proactively reviewing your health coverage, RMDs, and IRAs can lower retirement taxes in 2025 and 2026. Here’s how.

Take our RMD quiz to test your retirement tax knowledge. Learn about RMD rules, IRS deadlines, and tax penalties that could ...

Most retirement plans prohibit you from withdrawing your money too early, levying penalties against you to encourage you to ...

Margaret Giles: Hi, I’m Margaret Giles from Morningstar. Many baby boomers will be coming into retirement with most of their assets in tax-deferred accounts, which require withdrawals called required ...

In addition to several other changes to tax law, the One Big Beautiful Bill Act of 2025 (OBBBA) creates new ways to handle ...

A required minimum distribution (RMD) is the government's way of ensuring you'll pay taxes on money you once contributed to a retirement account tax-free. Even if someone else calculates your RMD for ...

Qualified Charitable Distributions allow you to meet your annual charitable giving goals through your IRA. And here’s the “so what”: That QCD amount counts as part of your RMD, lowering your annual ...

The rules for inherited IRAs can be complicated. Generally, you need to withdraw the account balance in 10 years. You also need to be mindful of required minimum distributions. Losing a parent can be ...

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

Required minimum distribution amounts are calculated by dividing a life expectancy factor into the relevant account balance from Dec. 31 of the preceding year. For instance, to calculate RMD amounts ...

If you're 73 or older, there's a good chance the IRS is expecting you to take a required minimum distribution (RMD) this year ...