Mark Henricks is an experienced business journalist covering personal finance, small business and startups.
Forgot to take a retirement plan required minimum distribution at age 70½? Don't just accept the penalty, say advisors. You may get the IRS to forgive your mistake.
Since 2008, the year of Bernie Madoff and the Great Recession, more investors have been working with multiple advisors, but experts caution against the practice.
Many people who change jobs transfer funds from their previous employer's 401(k) into their new employer's plan, but there are other options, say advisors.
The Tax Cuts and Jobs Act of 2017 didn't directly address defined-benefit retirement plans but did change tax deductions in ways advisors say make them more appealing.
The 401(k) has been the default retirement savings option for over four decades, but many still don't understand this complex product.