I am a 60-year-old male and I want to retire when I turn 63 and move to Colombia. My house will be paid off in one year and I ...

A major reason not to set your retirement plan on autopilot: sequence of returns risk. A flexible strategy with cash reserves ...

Take our RMD quiz to test your retirement tax knowledge. Learn about RMD rules, IRS deadlines, and tax penalties that could ...

Required minimum distribution amounts are calculated by dividing a life expectancy factor into the relevant account balance from Dec. 31 of the preceding year. For instance, to calculate RMD amounts ...

The industry asked for and received a delay in the rule from the IRS in 2023. Now that it's going into effect, here are the ...

Your 401(k) or IRA could hide a tax time bomb. Withdrawals in retirement are taxed. RMDs at age 73 can spike income. Future ...

This says that you must wait until the converted funds have been in your Roth IRA for at least five years before you can ...

Headlines across major news outlets in the country last week caused an uproar: "World Bank recommends raising EPF withdrawal ...

The proposal for the withdrawal age in the Employees Provident Fund (EPF) retirement account to be aligned with the minimum retirement age is meant to strengthen ­savings adequacy, says the World Bank ...

The World Bank has clarified that the withdrawal age from the Employees Provident Fund (EPF) retirement account should ideally be aligned with the minimum retirement age to strengthen the adequacy of ...

Most retirees tap their accounts in the wrong order, draining savings faster and triggering unnecessary taxes. This 5-step ...

If you’re thinking about tapping into your retirement savings early, it’s crucial to understand how the 401(k) early withdrawal penalty works. Taking money out before age 59½ usually triggers a 10% ...