Visit the IRS: Or, go to the source: Visit the IRS website to find additional information on RMDs, such as what they are, the types of retirement plans that require RMDs, the timeline for taking ...

Tax-deferred accounts such as traditional IRAs and 401(k) plans allow workers to delay paying taxes on qualified contributions. But the government must eventually get its due. Upon reaching a certain ...

Calculating your Required Minimum Distribution is a straightforward process once you have the information you need from the IRS.

The rules for required minimum distributions from retirement accounts have changed in recent years. If you're turning 73 or older in 2025 and have money in tax-deferred retirement accounts, you're ...

Using retirement accounts is one of the best ways to save for your retirement. Not only are you proactively saving for retirement, but you're also getting a tax break for doing it. Accounts like 401(k ...

The amount of your RMD depends on your age and account balances. Failing to take your RMD could result in a penalty of 25%, or 10% if corrected in a timely manner. Although retirement accounts like ...

I’m 80 and my RMD is $300,000. What the heck am I supposed to do about my huge tax bill?

Question: I am retired and turning 73 in 2025. My brokerage company just informed me by letter that I am required to take a distribution from my traditional IRA account. I do not need the money and do ...

Once you hit required minimum distributions age (73), how much control do you have over the timing, amount, and source of your distributions? Let’s examine each of the levers. Retirees exert some ...

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 ...