If you are the owner of an IRA account or a beneficiary, you need to understand the rules governing when to take required minimum distributions (RMDs). Regulations have changed regarding penalties for missed RMDs. Although the penalties starting in 2023 have been reduced, the amounts can still be very significant.
Confused about Social Security and IRA benefits under certain life circumstances? Find answers from The Savings Game.
Did you know there’s a way to support your favorite charities and save money on your taxes?