You'll just need to plead your case on a tax Form 5329 filed along with your other annual tax documents. This, of course, isn ...

Traditional IRAs and 401(k) plans allow workers to save pre-tax dollars for retirement. Any contributions can be deducted ...

If you're age 73 or older and retired, the annual deadline for required minimum distributions is approaching, according to the IRS. Generally ... But you must file Form 5329 with a letter of ...

Anyone in that position must file a Form 5329 with their federal tax return for the year the RMD was required but not taken. Here is what changed in 2024: Roth 401(k) and Roth 403(b) plans are no ...

Required minimum distributions, or "RMDs," are a tax law that every retiree needs to understand. Specifically, under the RMD law you can't just leave your money in place indefinitely. You need to ...

Procrastinating can also cost taxpayers money. Failing to take an RMD by Dec. 31 results in a 25% penalty on the amount that was supposed to be distributed. So if the amount of the late RMD is $1,000, ...

Paid non-client promotion: Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However ...