2Beginning in 2023, the SECURE 2.0 Act raised the age that you must begin taking RMDs to age 73. If you reach age 72 in 2023, the required beginning date for your first RMD is April 1, 2025, for 2024. If you reached age 73 in 2023, you are subject to the age 72 RMD rule in...
How to handle inherited and/or beneficiary retirement accounts and when to begin taking distributions from them. Whether ongoing charitable donations are part of your financial plan and if a tool like a donor-advised fund makes sense. If you should keep working in your current job, retire, ...
Question: I got a 401(k) sum as part of my divorce settlement. Why can’t I use the money to pay for my daughter’s college expenses? Question: Is there a law that says my employer may prevent me from taking a loan on my 401(k)? Or is it my right? Question: My dad is tryi...