The IRS alerts thousands of individuals that tomorrow marks the deadline for a crucial retirement procedure: the Required ...

Required minimum distributions (RMDs) are one way the IRS ensures you pay taxes on money you have saved in tax-deferred retirement accounts, such as a 401(k) or traditional IRA. Since you receive a ...

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 ...

It is important to have a good grasp of required minimum distribution (RMD) rules and the tax implications that come with them. That can help you manage your tax planning effectively in retirement. To ...

Required minimum distributions (RMDs) vary based on your age and account balance. You can avoid taxes on your RMD by giving it to a charity. The money must be transferred directly from your account to ...

Once you turn 73, the IRS requires you to take taxable withdrawals from ordinary (non-Roth) IRAs. While these distributions are taxable, they’re also opportunities to restructure your portfolio or ...

One of the biggest appeals of accounts like 401(k)s and traditional IRAs is the up-front tax break, with the chance to lower your taxable income. Unfortunately, this doesn't exempt you from taxes; it ...

You loved the tax break you got when you made retirement account contributions. But now that you're old enough for required minimum distributions (RMDs), you might wish you had gotten the taxes out of ...