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

Failure to take your RMD before the deadline results in an excise tax penalty equal to 25% of the amount not withdrawn.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

With the year ending in just a few weeks, time is running out for anyone who is required to take a distribution from their retirement account before December 31st. Required Minimum Distributions (RMDs ...

If you're age 73 or older and retired, there's a key annual deadline approaching for mandatory retirement plan withdrawals — and missing it could trigger a penalty, the IRS said on Tuesday. Generally, ...

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 ...

RMD rules are more than just guidelines, according to EBRI research released last week. Instead, “RMD rules clearly are a default strategy for many people in what they take out of their IRAs," ...

In return, the Internal Revenue Service (IRS) expects to eventually recoup the taxes from you when you make withdrawals from these accounts in retirement. To avoid a situation where someone doesn't ...