New IRS rules for inherited IRAs became effective last year. Pay attention to avoid a 25% penalty and a "tax bomb".

Longbridge Financial and Mutual of Omaha have reached a settlement in a lawsuit about deceptive reverse mortgage advertising claims.

Now is the time to act to avoid problems with the IRS.

Anyone with a tax-deferred retirement account must understand required minimum distributions (RMDs).

If you can show the IRS that your failure to take your RMD was due to a "reasonable error" and that you're taking steps to fix the situation, you may get that penalty waived. "Reasonable errors" could ...

There's a huge benefit to saving for retirement in a traditional individual retirement account (IRA) or 401(k). These retirement accounts allow you to contribute money on a pre-tax basis, thereby ...

The Hamilton County Criminal Court Clerk’s Office announced a new way for defendants to submit course completions to the Session’s Division of the Clerk’s office. Previously if a Judge ordered a ...

Required minimum distributions (RMDs) must be taken by Dec. 31 of each year (unless it's your first year). Failing to take your RMDs can result in a 10% or 25% penalty on the amount not withdrawn.

Secure 2.0 raised the RMD age to 73 for those born between 1951 and 1959. The penalty for missing an RMD dropped from 50% to 25% under Secure 2.0. Individuals ages 60 to 63 can now contribute up to ...

I’m 72 years old and have my IRA in stock. I start required minimum distributions next year so I want to convert to a Roth IRA. How much should I convert? Should I do it all at once or should I do it ...