Minimizing taxes on withdrawals from an Individual Retirement Account (IRA) relies not on a single silver bullet, but on a combination of tactics: Roth conversions, charitable giving, early ...

The Roth IRA will not require payment of taxes on any distribution after the age of 59 1/2. However, the process of converting the traditional IRA to a Roth IRA creates a taxable event.

With a 4% withdrawal from a $1 million IRA, you’d have $40,000 in taxable income. The next step is to determine how much of your Social Security benefits are taxable.

Taking money out of your IRA too early can take a heavy toll on your retirement savings. Not only do you pay taxes on the ...

Question: “ I am 75 years old and I have not begun taking distributions from my IRA. Is there any way to lower the taxes or penalties I have to pay? My only pension is Social Security.

Roth IRAs can be an attractive addition to your portfolio, but boy, are they surrounded by rules and regulations. It's easy to become confused.

Taking regular sizable withdrawals starting at age 65 could reduce your IRA balance enough to make a significant difference in future RMD amounts. However, you'll owe taxes on withdrawals as ...

Understand the consequences of withdrawing money from a 401(k) or IRA retirement account for emergencies and create a plan to recover financially as quickly as possible.