Required minimum distribution amounts are calculated by dividing a life expectancy factor into the relevant account balance ...

Once again, due to ongoing confusion about required minimum distributions, the IRS has found it necessary to give limited relief to both IRA owners and beneficiaries. The relief was contained in ...

The IRS will come knocking for its share of your tax-deferred retirement savings when you hit 73, but planning ahead for RMDs ...

The Internal Revenue Service (IRS) on Thursday provided sponsors with two sample plan amendments to help them implement the one-year waiver of the required minimum distribution (RMD). According to ...

We're approaching that time of the year again where if you're age 70 1/2 or older you are required by law to withdraw money from your tax-deferred retirement accounts and pay income tax on your ...

Take our RMD quiz to test your retirement tax knowledge. Learn about RMD rules, IRS deadlines, and tax penalties that could ...

There have been many changes recently in the tax laws that affect retirement accounts and their associated required minimum distributions (RMDs). Specifically, the CARES Act enacted last spring waived ...

The Treasury Department and the Internal Revenue Service issued final regulations Thursday to update the rules for required minimum distributions. The final regs flesh out changes made by the SECURE ...

The IRS recently released Notice 2020-51, which provides further taxpayer-friendly guidance for the treatment of required minimum distributions paid from retirement accounts in 2020. Taxpayers who ...

Last week, the Internal Revenue Service (IRS) announced guidance concerning qualified plan operations and rollovers that are (or could be) affected by the waiver of a 2009 required minimum ...

Two significant changes affecting required minimum distributions under Section 401(a)(9) of the Internal Revenue Code have been made in the most recent two years: The IRS now provides guidance in ...