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

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

You can calculate yours by dividing your retirement account balance as of Dec. 31, 2024, by the distribution period next to ...

Proactively reviewing your health coverage, RMDs, and IRAs can lower retirement taxes in 2025 and 2026. Here’s how.

Time flies— and never so quickly as we approach the annual deadline for taking required minimum distributions from ...

Most retirees tap their accounts in the wrong order, draining savings faster and triggering unnecessary taxes. This 5-step ...

Is the IRS now forcing you to take money out of your IRA? If you're going to be 73 years old (or older) at any point this year and the IRA in question isn't a Roth account, it will be. They're called ...

Once you reach a certain age, you are required to start withdrawing money from certain retirement accounts. This is known as required minimum distributions, or RMDs, and is an important concept for ...

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 ...

As 2024 comes to a close, an important financial deadline is fast approaching for many retirees and older adults. December 31 is the annual cutoff date for required minimum distributions (RMDs) from ...

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 ...

Your 401(k) or IRA could hide a tax time bomb. Withdrawals in retirement are taxed. RMDs at age 73 can spike income. Future ...