A SEPP plan allows you to withdraw from a 401(k) or traditional IRA before age 59 1/2 without paying a 10% penalty. Here's ...

It doesn't take much effort, and the savings could be substantial.

Required minimum distributions (RMDs) begin the year you turn 73. Failing to take RMDs will result in a penalty of 25% of the amount you failed to withdraw. The penalty for failing to take an RMD can ...

RMDs must be withdrawn by Dec. 31 each year. First-time RMD-takers can defer those withdrawals to the following April, but otherwise there’s a 25% penalty for failing to take a distribution by Dec. 31 ...