Failure to take your RMD before the deadline results in an excise tax penalty equal to 25% of the amount not withdrawn. Prior ...

But there's a major drawback to having a traditional retirement account. Once you turn 73, you'll be forced to take required ...

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

If you're 73 or older, there's a good chance the IRS is expecting you to take a required minimum distribution (RMD) this year ...

I usually take my required minimum distribution from my IRA early in the year so I don’t have to worry about it later. The ...

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

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

The shaky economy and plunging stock market are leading many Americans to cut back on their spending. If you're retired, you might also be inclined to pull less money out of your retirement account.

Recently, I’ve wondered if it makes sense to transfer the inherited IRA to a non-retirement account, take the tax and ...

If you’re due to take a required minimum distribution from a qualified account, be aware of some changes to the rules. In particular, changes apply to inherited individual retirement accounts, but ...

It pays to calculate RMDs (Required minimum distributions) as you approach retirement or if you are already retired. RMDs are the minimum annual withdrawals you must make each year from most ...