Search results for Rmd Rules

Taking an RMD in 2026? Here's How It Could Affect Your Social Security Benefits

Your RMD could be the first domino in a chain that leads to fewer Social Security benefits.

Taking an RMD in 2026? Here's How It Could Affect Your Social Security Benefits

Your RMD could be the first domino in a chain that leads to fewer Social Security benefits.

What's the required minimum distribution from a $400,000 retirement account?

The IRS has a say in how much you withdraw from your retirement. Here's what that means for a $400,000 balance.

3 Reasons I'm Not Upset Over Having to Take RMDs

They're not as much of a problem as some people might think.

Are You Reinvesting Your RMD in 2026? Here Are Your Best Options

There's at least one good RMD reinvestment option for every retiree.

Heirs Face a 25% Penalty in 2026 if They Don’t Take Required IRA Distributions Under the 10‑Year Rule

If you inherited an IRA in the last few years, there’s a good chance you’ve been hearing about the “10-year rule,” but not fully understanding...

Missed Your RMD Deadline? Here's the Massive Penalty You Could Face.

It's one thing you don't want to mess around with.

I'm 60 With $750k in a 401(k). Should I Convert $75,000 Annually to Reduce Future RMDs?

I'm 60 With $750k in a 401(k). Should I Convert $75,000 Annually to Reduce Future RMDs?

9 IRS Rules That Catch Retirees Off Guard Every Tax Season

Retirement is supposed to simplify life—but when tax season rolls around, many retirees find themselves facing unexpected surprises. From Social Security taxes to required withdraw...

IRS Issues Guidance on Qualified Long-Term Care Distributions from Retirement Plans

The IRS recently released Notice 2026-33, providing long-awaited guidance on qualified long-term care distributions (“QLTCDs”) under Section 401(a)(39) of the Internal Revenue Code...

Rule 72(t): How to Access Retirement Funds Before 59½ Without Penalty

Rule 72(t) lets you withdraw from IRAs and 401(k)s before 59½ without the 10% penalty. Learn the three IRS methods and what FIRE planners should know. The post Rule 72(t): How to A...

The 529 ‘Rollover’ Rule: How Grandparents Can Move Up to $35,000 Into a Grandchild’s Roth IRA Without Taxes

For years, one of the biggest fears with college savings was “What if there’s money left over?” That question kept many families from fully funding...

Spousal IRA Elections

How to advise clients who inherit individual retirement accounts.

1 IRA Rule That Could Turn Into a Financial Mess

When someone leaves you an asset that could become a tax minefield, it pays to know what you're walking into.

The Banking Rules That Quietly Delay Early Retirement for Millions of Older Americans

Early retirement sounds like a dream, but if you don’t handle your finances perfectly, that dream could be stripped from you. Millions of older workers find...

Inherited an IRA? The 10-Year Rule Could Cost You Big Time

An inheritance is a welcome gift, but some are more complicated than others. Here's what happens if you inherit a traditional IRA.

The Rule of 55 for 401(k)s Could Save You Thousands in Penalties

You don’t need us to remind you how challenging the economy is—it’s completely understandable that hardship withdrawals from 401(k)s hit a record high last year. But you may be sur...

About Social Security’s “First Year Rule” and Withdrawing from SS

by Russell Gloor at CDN - Dear Rusty: I am 63 years old, and about to apply for my Social Security benefits. I am self-employed but only working part time. I know about Social Sec...

Individual Retirement Accounts in Later Life

Key Takeaways  Individual retirement accounts (IRAs) have existed for over 50 years. Established as part of the 1974 Employee Retirement Income Security Act for workers without emp...

CFP Explains Inherited Retirement Accounts—and Who They Help Most

If you’ve recently inherited a retirement account from a loved one—or think you might someday—there’s something important you need to know: The rules have changed dramatically, and...