If you've saved $500,000 for retirement, the IRS has a say in how much you withdraw, whether you want to or not.

The retirement savings you have accumulated in a tax-deferred 401(k) or individual retirement account will be considered ...

The way the government does that is by mandating people take what are known as required minimum distributions, also called ...

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 ...

Saving for retirement in an IRA or 401(k) comes with a big advantage. Any contributions you make are tax deductible in the year you make them. On top of that, you don't pay any taxes on your ...

A small retirement income change can wipe out your tax refund, sometimes overnight. Learn which income sources trigger it and ...

If your RMD exceeds your needs, it can feel more like a burden than a benefit of saving for retirement. Retirees can take advantage of temporarily lower asset prices by taking their RMD right now. The ...

Tax-deferred accounts such as traditional IRAs and 401(k) plans allow workers to delay taxes on qualified distributions, provided they meet income-based eligibility requirements. But the government ...

Forbes contributors publish independent expert analyses and insights. Bob Carlson researches all facets of retirement finances. The percentage of retirees and near-retirees who list running out of ...