An inherited IRA lets you keep retirement savings in a tax-advantaged account, but you’ll need to follow strict distribution ...

If you have a Roth IRA, understanding the Roth IRA 5-year rule is critical to avoiding taxes and penalties when you withdraw money. Here's more details!

From financial gifts to Roth withdrawal rules, here’s what income stays tax-free under the new Trump 2025 tax bill, and some ...

It is easy to assume that you will be better off taking the tax hit early during your retirement years. But it turns out that Roth conversions aren't the best choices for most early retirees, ...

"Most of my income goes to daily expenses and supporting my kids." (Photo subject is a model.) I'm a widow in my early 40s with three children. My youngest is a special-needs child still in school, my ...

At 50, a Seattle-based financial professional has the means to retire by 60. Advisors say the plan is realistic, but one ...

Internal Revenue Service reminds taxpayers that inheriting a retirement account, such as an IRA or 401(k), could come with ...

IRAs - also known as Individual Retirement Accounts - are a popular tax-advantaged savings account. Americans held more than $12 trillion in IRAs in the first quarter of 2023. Historically, when an ...

Inheriting assets may provide a new level of financial security, but it may also come with some unexpected tax consequences. Our Jonathan Skinner recently discussed with financial expert Jay McGowan ...

Do you have the money directly transferred to you, or do you use that money for a short period without penalty (if you follow the rules)?

The IRS issued a Private Letter Ruling on Section 402(c)(9), concluding that taxpayer, as the surviving spouse of the decedent, will be treated as having acquired the lump sum distribution ...