In general, anyone with a tax-deferred retirement account must take withdrawals called required minimum distributions (RMDs) ...

Failure to take your RMD before the deadline results in an excise tax penalty equal to 25% of the amount not withdrawn. Prior ...

You've probably got a lot on your end-of-year to-do list -- holiday shopping, meal prep, maybe a trip to plan. You may have ...

If you're 73 or older, there's a good chance the IRS is expecting you to take a required minimum distribution (RMD) this year ...

Calculating your RMD only requires two numbers. You'll need your retirement account balance as of Dec. 31, 2024. Check with ...

A required minimum distribution is money that must be taken out of a retirement savings plan. More specifically, RMDs are the minimum amounts that must come out of given retirement plan accounts each ...

RMDs, or required minimum distributions, are withdrawals you're forced to take each year if you don't want to get hit with a ...

At 73, you’ve reached a significant milestone, which is a result of a lifetime of hard work, planning, and perseverance. Congratulations! However, this particular birthday also comes with an essential ...

Once you reach the age of 73, your tax-deferred retirement accounts, such as traditional IRAs, can no longer remain untouched. The IRS mandates Required Minimum Distributions (RMDs) to ensure that the ...

The IRS eventually comes looking for the tax revenue it didn't get to collect earlier on the money invested within IRAs and other tax-deferred accounts. Just because you withdraw money from a ...

Retirement accounts like the 401(k), 403(b), and traditional IRA are tax-deferred, meaning you get a tax break upfront (the ability to deduct contributions from your taxable income), but you must ...