The IRS is not terribly understanding when retirees fail to take their RMDs. In fact, failure to do so can result in a 25% penalty on the amount you should have withdrawn. For example, if your RMD is ...

If you’re an employee thinking about how to save for retirement, individual retirement accounts, known as IRAs, are worth ...

“This can be used as a short-term, interest-free loan, but if not repaid in full within the timeframe, the withdrawal is treated as a taxable distribution and may incur a 10% early withdrawal penalty ...

When you make significant withdrawals from your retirement plan, like withdrawing $95,000 in a single year, you can inadvertently push yourself into a higher tax bracket and trigger an increase in ...