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

Failure to take your RMD before the deadline results in an excise tax penalty equal to 25% of the amount not withdrawn.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

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 ...

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

Proactively reviewing your health coverage, RMDs, and IRAs can lower retirement taxes in 2025 and 2026. Here’s how.

At 73, you’ve reached a significant milestone, which is a result of a lifetime of hard work, planning, and perseverance. Congratulations! However, this particular birthday also comes with an essential ...

Time flies— and never so quickly as we approach the annual deadline for taking required minimum distributions from ...

Are you going to be 73 years old (or older) at any time this year? And if so, do you have any money sitting in one or more non-Roth IRA accounts? If the answer to both of these questions is yes, then ...

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After you hit age 73, you generally have to take required minimum distributions, which are the minimum amount the IRS requires you to withdraw from select retirement accounts like 401(k)s and IRAs ...

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 ...