Discover the essentials of early withdrawal penalties, including their meaning, calculation, scenarios, exceptions, and strategies to minimize them.

This article discusses what you might expect your RMDs to be if you have $1 million inside your retirement accounts, and I'll ...

At age 73, most retirees must start required minimum distributions from pretax accounts. Certain heirs with an inherited individual retirement account also must take RMDs. For retirees, your first RMD ...

The order in which you withdraw money from retirement accounts can significantly impact how much you owe in taxes. One of the most popular withdrawal strategies involves drawing from taxed accounts ...

The 4% Rule is arguably the most famous strategy for making sure your retirement income lasts long. Developed in the 1990s, it offers an evidence-based answer to most retirees’ question: “How much can ...

Some people will spend decades saving and investing for retirement, only to discover that they missed a step along the way. That commonly "missed" step? Devising their plan for decumulation − in other ...

Ideally, you'd approach retirement savings from multiple angles.

But as awesome as IRAs and 401(k)s are, you should also be looking outside of these accounts in the course of saving for retirement. Here's why. You ne ...