Limiting Required Minimum Distribution Costs

The IRS requires that funds be withdrawn from nearly all retirement accounts, including traditional IRAs, 401(k) plans, and SEPs. These withdrawals are known as required minimum distributions, or simply RMDs. Once a retiree turns age 70Ā½, the withdrawals must be made annually. (Roth IRAs are notably exempt from this rule, and a retiree has until…

 

Reducing 401(k) Fees

In an article for AdviceIQ, Jim Blankenship offers some tips on how to minimize your 401(k) fees. Kept unchecked, the fees can become a significant drag on your investment performance. When evaluating a plan, Blankenship says investors should consider itsĀ internal expense ratio–the measure of what it costs an investment company to operate a fund–and the…