retirement plans

Calculate Your Required Minimum Distribution From IRAs
required minimum distributions (RMDs)

Calculate Your Required Minimum Distribution From IRAs

The IRS updated the uniform lifetime table, which is used to determine your mandatory withdrawals, this year. This tool can calculate your RMDs from a…
January 27, 2022
12 Questions Retirees Often Get Wrong About Taxes in Retirement
retirement

12 Questions Retirees Often Get Wrong About Taxes in Retirement

You worked hard to build your retirement nest egg. But do you know how to minimize taxes on your savings?
January 21, 2022
2021 Tax Returns: What's New on the 1040 Form This Year
tax filing

2021 Tax Returns: What's New on the 1040 Form This Year

Don't get caught off guard this tax season. Familiarize yourself with potential changes for your 2021 tax return before tackling your 1040.
January 21, 2022
Nearing Retirement? Ditch ‘Hidden’ 401(k) Fees
401(k)s

Nearing Retirement? Ditch ‘Hidden’ 401(k) Fees

Your 401(k) may be costing you more than you realized. An in-service direct transfer to an IRA could be a game changer – if you qualify.
December 29, 2021
Meet the Architect of the 401(k) Plan
Financial Planning

Meet the Architect of the 401(k) Plan

Ted Benna tells Kiplinger how savers can make the most of their 401(k) plans - and how these plans could be better.
December 22, 2021

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401(k) Contribution Limits for 2022
401(k)s

401(k) Contribution Limits for 2022

Workers saving for retirement have a reason to rejoice over the 401(k) contribution limits for 2022.
December 17, 2021
The Most-Overlooked Tax Breaks for Retirees
Tax Breaks

The Most-Overlooked Tax Breaks for Retirees

Unfortunately, seniors often miss tax-saving opportunities that are available to them. Don't let that happen to you!
December 3, 2021
How 10 Types of Retirement Income Get Taxed
retirement

How 10 Types of Retirement Income Get Taxed

When you're planning for retirement, it's fun to contemplate all the travel and rounds of golf ahead of you, but don't forget about taxes.
December 3, 2021
2022's Best Mutual Funds in 401(k) Retirement Plans
mutual funds

2022's Best Mutual Funds in 401(k) Retirement Plans

A key to smart retirement saving: spreading your portfolio across a few of the best mutual funds in your 401(k) plan. Here are the 30 top options avai…
November 23, 2021
Lower Taxes on Required Minimum Distributions
Tax Breaks

Lower Taxes on Required Minimum Distributions

When you turn 72, you’ll have to start taking minimum distributions from your traditional IRA and 401(k). These strategies will help trim what you owe…
November 23, 2021
A Simple RMD Mistake That Can Cost Retirees Thousands
required minimum distributions (RMDs)

A Simple RMD Mistake That Can Cost Retirees Thousands

Do you know exactly what your required minimum distribution should be? Did you take more than you had to last year? If you need extra cash, there coul…
November 23, 2021
Should You Take an Extra Big RMD This Year?
required minimum distributions (RMDs)

Should You Take an Extra Big RMD This Year?

Sometimes only taking the minimum IRA distribution can be a costly mistake. When deciding how much to withdraw this year, you need to consider the big…
November 23, 2021
Roth IRA Basics: 11 Things You Must Know
Financial Planning

Roth IRA Basics: 11 Things You Must Know

A Roth IRA can be a great way to save for retirement since the accounts have no required minimum distributions and you withdraw the money tax-free.
November 23, 2021
The Basics of Required Minimum Distributions: 12 Things You Must Know About RMDs
Financial Planning

The Basics of Required Minimum Distributions: 12 Things You Must Know About RMDs

Retirement savers who are 72 must start withdrawing funds from tax-advantaged retirement accounts. Here’s what you need to know about required minimum…
November 22, 2021
Traditional IRA Basics: 10 Things You Must Know
Basics

Traditional IRA Basics: 10 Things You Must Know

A traditional IRA can be a powerful retirement-savings tool but you need to understand contribution limits, RMDs, rules for beneficiaries under the SE…
November 22, 2021
An RMD Deadline is Looming – And Missing It Could Cost You Big Bucks
required minimum distributions (RMDs)

An RMD Deadline is Looming – And Missing It Could Cost You Big Bucks

If you're age 72 or older, take your required minimum distribution now to avoid a big penalty or a double-dip next year.
November 17, 2021
11 Costly Medicare Mistakes You Should Avoid Making
Medicare

11 Costly Medicare Mistakes You Should Avoid Making

If you don't make the right choices, you could end up with high Medicare premiums and big out-of-pocket costs.
November 16, 2021
The Best American Funds for 401(k) Retirement Savers
mutual funds

The Best American Funds for 401(k) Retirement Savers

American Funds has 13 actively managed mutual funds among the 100 most popular 401(k) offerings. We look at the best American Funds in that group … as…
November 12, 2021
Saver's Credit: A Retirement Tax Break for the Middle Class
Tax Breaks

Saver's Credit: A Retirement Tax Break for the Middle Class

If your income isn't too high, contributing to a retirement account could help you lower your tax bill now.
November 11, 2021
10 Best Financial Benefits for Military Families
savings

10 Best Financial Benefits for Military Families

Service members face a range of threats – from the lethal to the financial. A wide array of generous benefits and programs are meant to offset some of…
November 9, 2021
2022 IRA and 401(k) Contribution Limits Are Set (There's Both Good and Bad News)
Tax Breaks

2022 IRA and 401(k) Contribution Limits Are Set (There's Both Good and Bad News)

Workers will be happy to know that they can contribute more to their 401(k) accounts next year, but IRA owners may be a little disappointed.
November 4, 2021
The Best T. Rowe Price Funds for 401(k) Retirement Savers
Kiplinger's Investing Outlook

The Best T. Rowe Price Funds for 401(k) Retirement Savers

A dozen T. Rowe Price mutual funds enjoy a place among the nation's most popular 401(k) retirement products. Find out which ones are worth your invest…
November 4, 2021
Boost Your Retirement Savings for 2021, 2022
Financial Planning

Boost Your Retirement Savings for 2021, 2022

The time is now to maximize contributions. Also, if you’ve got required minimum or charitable distributions to make, that deadline is coming up.
October 29, 2021
The Best Fidelity Funds for 401(k) Retirement Savers
Investing for Income

The Best Fidelity Funds for 401(k) Retirement Savers

Fidelity funds are renowned for their managers' stock-picking prowess. We rate Fidelity's best actively managed funds that are popular in 401(k) plans…
October 25, 2021
How Snowbirds Can Be Taxed as Florida Residents
retirement

How Snowbirds Can Be Taxed as Florida Residents

If you live in a high-tax state during the summer but winter in Florida, you can save big bucks by establishing residency in the Sunshine State.
October 25, 2021
The Pros and Cons of Target Date Funds with Tony Drake
Financial Planning

The Pros and Cons of Target Date Funds with Tony Drake

The simplicity of target date funds has made them popular, particularly among 401(k) savers. But investors may be paying a price.
October 19, 2021