Failure to take an RMD (or taking too little) can lead to a tax penalty as ... For example, if you were supposed to withdraw $10,000, the penalty could be as much as $2,500. However, the IRS will drop ...

One word of caution on waiting until the end of the year: Don't wait too long. If any of the transactions you need to make are delayed, you could fail to meet your RMD and will have to take the extra ...

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 ...

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 ...

Plus: What’s open at the IRS, the fight over premium tax credits, guidance on OBBBA, Social Security increases, digital taxes and tariffs, Section 179 expenses and more.