I asked. Her answer shocked me: “$1.7 million.” Yet she was acting as if she was broke, limiting herself to just $5,000 for ...

You've spent decades contributing to a tax-advantaged retirement savings account. Now, for one reason or another, you want to ...

Learn about qualified distributions from retirement accounts, IRS rules, tax implications, and how to maximize your tax benefits while avoiding penalties.

The majority of Americans wouldn't be able to cover an unforeseen $1,000 expense with money from their own savings, according to Bankrate's 2024 emergency savings report. But a relatively new rule may ...

We've tracked this promise on penalty-free 401(k) withdrawals since President Barack Obama took office. It seems like it's time to stick a fork in it and declare it done. The measure, which Obama ...

Generation Z adults range in age from 18 to 28, but they're already putting themselves in a financial hole by raiding their ...

As the largest wealth transfer in American history accelerates, many heirs stand to inherit more than just assets, they may ...

Tax planning when saving for retirement differs significantly from when the focus turns to spending down a retirement nest egg. When saving, especially during one’s peak earning years, deferring as ...

In the 2007 budget unveiled last week, President Bush proposed $85 million over the next 10 years for a series of federal retiree initiatives that his administration is compiling into a legislative ...

You may be saving more in an easy-to-contribute retirement savings vehicle, but you're giving up a great deal of flexibility.