Retirees with tax-deferred accounts need to know when to take required minimum distributions (RMDs) and how to calculate the ...

That’s because the Internal Revenue Service (IRS) mandates withdrawals from these retirement accounts once you turn 73 (1).

If you have six or seven figures saved up for retirement, RMDs can be a real headache.

This article discusses what RMDs are, how they work, what accounts have them, when you need to take them, how to calculate ...

Required minimum distributions, or RMDs, are the amounts that must be withdrawn each year from specific retirement plan accounts upon reaching the required minimum distribution age.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

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 ...

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 ...

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 ...

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 ...

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 ...