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

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, which stack on top of the regular limits for employee contributions to ...

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 ...

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, ...

It’s time to think about retirement for those of you who didn’t take the Deferred Resignation Program options in 2025 but are getting ready to retire sometime in 2026. Let’s break down the rule that ...

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

For retirement savers and retirees, the new year brings more than the usual inflation adjustments to retirement contributions. The retirement legislation known as Secure 2.0 will also continue to ...