Failure to take your RMD before the deadline results in an excise tax penalty equal to 25% of the amount not withdrawn.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

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

The Secure 2.0 Act raises the RMD age, giving retirees more control over when to withdraw savings and how to manage taxes in ...

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

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

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

Some future retirees could end up getting more time to amass a heap of money that won't be taxed when they or their heirs tap it. Under a provision in a federal retirement bill that cleared the House ...

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 ...

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 ...

If you're retired and have a tax-deferred retirement account -- like a traditional IRA, SEP IRA, SIMPLE IRA, 401(k), 403(b), or other employer-sponsored plan -- you're undoubtedly aware that you must ...

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," ...

A member of my family just turned 73 and is planning on retiring in the next year or two. As such, he is applying for a pension from a company he worked for decades ago. Recently, he was told that he ...