New IRS rules for inherited IRAs became effective last year. Pay attention to avoid a 25% penalty and a "tax bomb".

Unlike with traditional IRAs, Roths do not provide tax savings, so anyone converting such funds to a Roth must pay federal income taxes on the amount converted.

Roth conversions to secure tax-free withdrawals during retirement are gaining popularity as Gen X gets closer to retirement, but financial advisers warn that the decision to convert should be ...

One of the most commonly asked questions among investors is whether or not they should convert to a Roth IRA, and if so, when ...

Anyone with a tax-deferred retirement account must understand required minimum distributions (RMDs).

Open an Inherited IRA, Life Expectancy Method: Your spouse may transfer assets into an Inherited IRA or an Inherited Roth IRA. Choosing this option means your spouse must begin taking RMDs by Dec. 31 ...

Inherited IRA distribution rules have changed in ways that can significantly impact your taxes and tax strategy.

At 73, you’ve reached a significant milestone, which is a result of a lifetime of hard work, planning, and perseverance. Congratulations! However, this particular birthday also comes with an essential ...

The IRS eventually comes looking for the tax revenue it didn't get to collect earlier on the money invested within IRAs and other tax-deferred accounts. Just because you withdraw money from a ...

RMDs are mandatory distributions from certain retirement accounts that begin at age 73. You no longer need to take RMDs from Roth accounts. If you inherit an IRA from your spouse, you may get some ...

Forbes contributors publish independent expert analyses and insights. Empowering smarter money moves. Have you considered using a QCD vs RMD for charitable giving, reducing your tax burden and ...

Most people take RMDs toward the end of the year, which is probably better if you’re doing other things like qualified charitable distributions. First-time RMD takers can delay until April 1, but they ...