August 2, 2022

Important RMD Changes for 2021 - 401k Maneuver
Important RMD Changes for 2021 – 401k Maneuver

There are important RMD changes for 2021 that every 401(k) investor needs to know about to avoid penalties.  Required minimum distributions (RMDs) are IRS-mandated withdrawals from retirement accounts.  The IRS requires these withdrawals to ensure that taxes are paid on amounts that were contributed on a pretax basis, plus any tax-deferred earnings in those accounts…

Read article
Should You Make Roth or Traditional 401K Contributions?
Should You Make Roth or Traditional 401K Contributions?

I get lots of questions from readers about whether or not they should take advantage of their Roth 401(k) (or 403(b)) option. They’re usually looking for an easy, straightforward answer. Unfortunately, it isn’t that easy. I only have one rule of thumb, and that’s that residents (and military docs) should make Roth contributions and attendings…

Read article