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

RMDs kick in in the year you turn 73 years old. Roth 401(k) account owners are no longer subjected to RMDs. The penalty for missing an RMD has decreased significantly. The $23,760 Social Security ...

In return, the Internal Revenue Service (IRS) expects to eventually recoup the taxes from you when you make withdrawals from ...

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 ...

In your 70s, it's time to put your retirement plan into action. Here are some tips on how to maximize your success.

Calculating your RMD only requires two numbers. You'll need your retirement account balance as of Dec. 31, 2024. Check with ...

Most people 73 and older have to take their RMDs by Dec. 31, 2025. Failing to take your RMDs can result in a 25% penalty on the amount you should've withdrawn. You can aggregate RMDs from IRAs, but ...

After months of negotiations over a rights deal, Apple and Formula 1 have finally waved the checkered flag. Apple and Formula 1 announced a five-year agreement under which all F1 races will be ...

Apple announced on Friday that it has secured exclusive U.S. broadcasting rights to Formula 1. The new five-year agreement between the tech giant and Formula 1 will make Apple TV the exclusive ...

Is Max Verstappen a serious threat for a fifth consecutive Formula 1 title? Verstappen cut Oscar Piastri’s points lead to 40 points with an easy win in the United States Grand Prix. Verstappen started ...

The deadline for completing IRS-required withdrawals from certain IRAs is fast-approaching. For retirement account owners who plan on selling an asset to free up cash to complete this required ...

F1 CEO Stefano Domenicali hailed the sport's new deal with Apple as a chance to become "part of the culture" in the U.S. Illustration: Kelsea Petersen/The Athletic; Kym Illman/Mark Sutton/WPA ...