Tax considerations with RMDs are especially important. Retirees should also evaluate when the best time is to take their RMDs. Reinvesting RMDs is often a smart move for retirees, but it isn't always ...

RMDs can be a problem if you don't have a specific plan for that money. You don't have to spend your RMD, so you can invest it to better your finances later on. You can also give the money to charity ...

Taking your RMD in January could give you peace of mind and helps you avoid the tax penalty for not taking RMDs as scheduled. It could also cause you to miss out on investment earnings you could have ...

You can't avoid required minimum distributions (RMDs), but you can control where that money goes. Some RMD strategies can help you avoid taxes. Your unneeded RMDs can give your favorite causes a leg ...

Anyone who turned 73 in 2025 will have to take their first RMD soon, if they haven't already done so. Missing an RMD deadline can result in severe tax penalties, especially if you don't correct them ...

This story was updated to accurately reflect the number of U.S. states, territories and districts that have a minimum wage higher than the federal level. When Jan. 1 rolls around, Missouri’s minimum ...

As signed into Gov. Kathy Hochul's 2024 budget, the state's minimum wage will see its second of two 50-cent increases in 2026. In 2024, the rate rose to $16 per hour in New York City, Westchester ...

Minimum wage earners in Michigan will get a 10% increase in hourly pay starting Jan. 1. The state’s minimum wage will jump from the current $12.48 an hour to $13.73 at the start of the new year.

MOANALUA, Hawaii (KHON2) — Hawaii is three weeks out from a minimum wage increase from $14 to $16 per hour. Experts say that this is good news for some workers, but it might have some negative effects ...

Several states are set to raise their minimum wage in 2026 to help workers with the rising cost of living. Kentucky's minimum wage will remain at the federal level of $7.25 per hour, one of the lowest ...

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