Since 2002, retirement savers age 50 and over have had the option of making “catch-up” contributions to their 401 (k) plans, which stack on top of the regular limits for employee contributions to ...

Rather, RMDs become a problem when you don't want to take the money out of your savings. At a minimum, they can create a tax burden for you. And if they raise your income enough, they can cause other ...

If you don't take your RMDs on time, you'll risk a 25% penalty on whatever sum you fail to remove from your savings. In the case of a large RMD, that penalty could be costly. A $12,000 RMD you don't ...

To use a simple example, if you’re retired and spending roughly $40,000 a year from your portfolio, you’d want to earmark ...