Chattanooga, Tennessee

Required minimum distributions (RMDs) mandate withdrawals from traditional retirement accounts starting at age 73, with strategies like early planning and Roth account conversions suggested to minimize tax impacts. Experts advise avoiding penalties by adhering to withdrawal rules and leveraging tax-efficient methods such as charitable donations.

First-time homebuyers are increasingly relying on family financial support and multi-generational living arrangements to purchase homes amid persistently high prices and interest rates. Despite slight affordability improvements in April compared to the previous year, the median age of first-time buyers reached a record 40, highlighting market challenges for new entrants.