All eyes are on the Fed, waiting to see when they will cut rates. We take a look at what a lower fed funds rate means for your debt and money. Saving for retirement and building wealth is an important goal, but knowing how to use tax-advantaged accounts like Roth IRAs, 401(k)s, IRAs, and HSAs can make a big difference in reaching your financial goals. Many retirees will have to take required minimum distributions, also known as RMDs, once they reach a certain age. We explain what RMDs are and how to avoid penalties. For more Mind Your Money videos, please visit: https://finance.yahoo.com/videos/series/mind-your-money/ #youtube #stocks #investing About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance