Failure to take an RMD (or taking too little) can lead to a tax penalty as high as 25%. If you and your spouse each have a retirement account, RMDs must be taken separately. Don't let the amount of ...

Forbes contributors publish independent expert analyses and insights. Empowering smarter money moves. Have you considered using a QCD vs RMD for charitable giving, reducing your tax burden and ...

Paying off high-interest debt means putting money in your pocket rather than the lender's. Donating to charity will not only make you feel good, it will also reduce your tax burden. If you own a home, ...

In general, anyone with a tax-deferred retirement account must take withdrawals called required minimum distributions (RMDs) beginning at age 73. RMDs are calculated by dividing the retirement account ...

Required minimum distributions, or RMDs, are the amounts that must be withdrawn each year from specific retirement plan accounts upon reaching the required minimum distribution age. These mandatory ...

If you’re required to, you can now take your 2026 required distribution from your ordinary retirement accounts. If you need to sell something to take a cash RMD though, you’ll want to consider where ...

Missing an RMD deadline can result in a 25% penalty on the amount not withdrawn. Double-checking your RMD calculations can help prevent a penalty. You're free to withdraw more than your RMD, but ...

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 ...