Retirees should understand how required minimum distributions (RMD) are calculated.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Michael Boyle is an experienced financial professional with more than 10 years working with ...

You can take withdrawals from your 401(k) before you retire but in most cases you will pay a penalty in addition to income ...

Since 2002, retirement savers age 50 and over have had the option of making “catch-up” contributions to their 401 (k) plans, ...

WGN Radio’s Tom Fortino from Alpha Wealth Group gives you the latest financial business news, financial planning advice, and more! On this week’s episode, Tom talks about deferred payment strategies, ...

Catch-up contributions can lower your tax bill and allow you to save more money for retirement.