Using the modified tables should be generally straightforward for most account owners, although there are a couple of situations that may be trickier this year. One of those instances involves anyone ...

If anything can be blamed for creating chaos in the world of required minimum distributions (RMDs), it’s COVID-19. In response to the financial disruption caused by the pandemic – and in hopes of ...

Navigating the complexities of Required Minimum Distributions (RMDs) and lottery winnings can be daunting. Both have significant tax implications that can impact your financial planning.

An RMD is an amount you must withdraw from certain retirement accounts once you’re 73. You can calculate your RMD using the IRS uniform lifetime table. You may be subject to excise taxes if you fail ...

In this installment of "Ask the Hammer," a reader asks: My question is regarding the current IRS requirements for RMDs on an inherited IRA. Is an RMD required for 2023 for an inherited IRA from 2021?

Adviser Denise Appleby provides a quick summary of the recent IRS notice. There is no penalty for 2021 and 2022 RMD failures, according to the just-published IRS Notice 2022-53 about SECURE Act RMDs, ...