I'm happy to tell you that you are completely exempt from the 10-year rule. Since it was not in effect when you inherited your IRA in 2009, it simply does not apply to you. As a result, you are not ...

If you have a Roth IRA, understanding the Roth IRA 5-year rule is critical to avoiding taxes and penalties when you withdraw ...

A Roth IRA gives you tax-free growth and withdrawals in retirement. Take money out too soon, however, and you'll face income taxes plus a 10% tax penalty.

Putting too much money into your IRA or withdrawing more than allowed can trigger penalties. If you contribute more than the ...

Withdrawing money from your IRA if you're under 59 1/2 triggers a 10% early-withdrawal penalty. There are exceptions to this rule if you meet certain criteria. But you'll also set yourself back in ...

If you have just inherited a Roth IRA from your parent, spouse, or non-spouse, here are the rules for taxes and beneficiaries ...

Discover how the IRS's Rule 72(t) lets you make penalty-free withdrawals from IRAs and other retirement accounts, including key calculations and examples.

Individual retirement accounts offer tax advantages to those saving for retirement. Before investing in an IRA, it can be helpful to understand the guidelines, including the annual deposit limit, the ...

There are also rules limiting your IRA withdrawals. Typically, you'll pay a 10% early withdrawal penalty if you take money ...

If you've been struggling to buy a home but have money in an IRA for retirement, you may be thinking of taking an early ...

Discover options like SEPP and hardship withdrawals for accessing 401(k) funds when unemployed, and learn how to avoid ...