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 minimum distributions one day?

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 ...

What Is the Required Minimum Distribution (RMD) for a $500,000 Retirement Account?

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 ...

Thinking of Doing a Roth IRA Conversion in 2025? Here's What You Need to Know.

This says that you must wait until the converted funds have been in your Roth IRA for at least five years before you can ...
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I'm 65 With $1.2M in an IRA and Social Security. Can I Still Convert to a Roth IRA?

Imagine you’re 65 with $1.2 million in an IRA and a lingering question: should you convert your account into a Roth IRA? The ...
NerdWallet

Roth IRA: What it is & how it works

A Roth IRA is an individual retirement account that you fund with after-tax dollars. While you don't get a tax break now, your contributions and investment earnings grow tax-free.
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Average 401(k) Match: Do You Work for a Generous Company?

Workplace 401(k) accounts have become critical to retirement security, and with good reason. The majority of private sector workers have access to these plans, which are easy to enroll in and come ...
NerdWallet

How to Get a Debt Consolidation Loan With Bad Credit

You can get a debt consolidation loan from an online lender, even if you have bad credit. Compare loan offers to find the best rate. Many, or all, of the products featured on this page are from our ...