‘I want to enjoy the time we have left’: I’m 68 and plan to work passed retirement age. Should I empty my $700K 401(k)?
I am a 68-year-old woman married to a 75-year-old man.
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3 Retirement Steps to Take in Your 60s to Avoid Huge RMDs in Your 70s
Money withdrawn from a tax-deferred retirement account is taxed as you begin to make withdrawals. Here are 3 ways to minimize ...
What Is the Penalty for Not Taking Your RMD?
As you approach retirement, it’s important to consider how required minimum distributions (RMDs) from your IRA or 401(k) ...
A Roth IRA offers a ‘longer runway for tax-free investing,' advisor says. Here's how to use it
Therefore, a Roth IRA provides a "much longer runway for tax-free investing," said certified financial planner Thomas Scanlon ...
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SECURE Act 2.0: What Every Retiree Needs to Know About RMD Changes
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Jorgen Vik: All inheritance comes with strings attached. Even retirement accounts.
Jorgen Vik is a certified financial planner and partner with SKV Group LLC. Investment products and services are offered ...
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I am 60 with a net worth of $3 million. How can I pay the least amount of taxes possible?
As is the case with anyone nearing retirement age, thinking about minimizing taxes and reducing any future RMDs (Required ...
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I'm 60 With $960k in an IRA, $300k in a 401(k) and Would Expect a $2,400 Social Security Check. Can I Retire at 62?
Many 60-year-olds with $960,000 in tax-deferred retirement accounts and a work history that will entitle them to $2,400 ...
‘I’m not worried about a legacy.’ I’m 63 with no kids and $600K. I also get Social Security and a pension. What’s next for me?
MarketWatch Picks highlights items we think you’ll find useful; we are independent of the MarketWatch newsroom. We might earn ...
How Much Is the Required Minimum Distribution (RMD) If You Have $100,000 in Your Retirement Account?
In some cases, someone may not need the money in their 401 (k) or traditional IRA and can survive in retirement on other sources, such as investments. To avoid a situation where someone skips paying ...
6 Benefits To Filing Taxes Early for Retirees
Filing taxes isn't most people's idea of fun, but it's usually better to file early. After all, filing late can lead to some ...