Learn about the IRS’s new Code Y for reporting Qualified Charitable Distributions (QCDs) from IRAs, effective in 2025.

Several years ago I was happily divorced. Checking in with an old friend, a woman I’d known in high school and college, the ...

Caring for a child or parent can mean a drop in income and a lower tax bracket. Why not take advantage by moving money into a ...

But there's a major drawback to having a traditional retirement account. Once you turn 73, you'll be forced to take required ...

The only potential "catch" with a Roth is that you must qualify to fund one, and higher earners might not. Other than that, ...

If you're taking a required minimum distribution from an IRA, 401(k) or other tax-deferred account and don't need the money ...

It’s a good problem to have: too much money saved for retirement and additional funds to leave to your heirs. Will you be one ...

Saving can be intoxicating. Watching the balance grow and compound can make you want to save more. It could also cause you to ...

One generation tops the list for both highest retirement account balances and largest percentage of income contributed. See where you fall and if you need to save more.

Few Americans Wait Relatively few Americans wait for the maximum benefit anyway. According to a 2024 study by the Bipartisan Policy Center, a Washington, D.C.-based think tank, 29% of Social Security ...

Most retirees tap their accounts in the wrong order, draining savings faster and triggering unnecessary taxes. This 5-step ...

I'm in a financial mess and I need advice. We are very overextended due to my income being cut nearly in half. I have been trying to manage while I look for another job, but our credit has taken a ...