One of the most important features of an IRA or 401(k) is its tax benefits. With an IRA, investment gains are not taxed until they are withdrawn. The same is true for a 401(k), and contributions also come from pre-tax dollars.
Once you retire, it’s smart to keep as much of your money in your retirement account as possible while still having enough to live on. But even if you’re working part-time and have sufficient income from other sources, you won’t be able to avoid taxes forever. The IRS eventually wants you to withdraw some funds and pay taxes on... Articles Tagged ‘required minimum distributions’
What Is a Required Minimum Distribution?
One of the most important features of an IRA or 401(k) is its tax benefits. With an IRA, investment gains are not taxed until they are withdrawn. The same is true for a 401(k), and contributions also come from pre-tax dollars.
Once you retire, it’s smart to keep as much of your money in your retirement account as possible while still having enough to live on. But even if you’re working part-time and have sufficient income from other sources, you won’t be able to avoid taxes forever. The IRS eventually wants you to withdraw some funds and pay taxes on...
Wednesday, August 24th, 2011
One of the most important features of an IRA or 401(k) is its tax benefits. With an IRA, investment gains are not taxed until they are withdrawn. The same is true for a 401(k), and contributions also come from pre-tax dollars.
Once you retire, it’s smart to keep as much of your money in your retirement account as possible while still having enough to live on. But even if you’re working part-time and have sufficient income from other sources, you won’t be able to avoid taxes forever. The IRS eventually wants you to withdraw some funds and pay taxes on... 
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