One big drawback of saving for retirement in a traditional IRA or 401(k) is that eventually, you'll have to start taking withdrawals from your account -- whether you want to or not. Required minimum ...

How you handle RMDs can cost you.

Required minimum distributions (RMDs) vary based on your age and account balance. You can avoid taxes on your RMD by giving it to a charity. The money must be transferred directly from your account to ...

If you don't need your RMD for living expenses, you can keep it in a savings account or reinvest it. Donating your RMD to a charity can help you avoid paying taxes on that money. If you don't like ...

There's still time to make use of this strategy before the end of the year. If you're over 70 and giving to charity, it's time to learn about QCDs. On Giving Tuesday this year, some 38 million people ...

Properly reinvested, a RMD can provide continued growth, financial stability, and flexibility. If you're looking for continued growth with a little less risk, a type of mutual fund or bond may be the ...

For a growing number of American retirees, the goal of eliminating or drastically reducing their federal tax bill isn't a pipe dream - it's a real outcome made possible by one of the most underused ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. With new tax laws, come fresh opportunities—and plenty of ...

“Nowhere is wisdom more necessary than in the guidance of charitable impulses. Meaning well is only half our duty; thinking right is the other, and equally important, half.” — Samuel Gridley Howe May ...

Required minimum distributions can be a huge hassle from a tax perspetive. Donating your RMD to charity could get you out of paying taxes. You have to do your donation a certain way to pull that off.