For recent retirees, required minimum distributions (RMDs) become a way of life at age 73 (75 if you were born in 1960 or ...

Failure to take your RMD before the deadline results in an excise tax penalty equal to 25% of the amount not withdrawn.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

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

The IRS will come knocking for its share of your tax-deferred retirement savings when you hit 73, but planning ahead for RMDs ...

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 ...

Required Minimum Distributions (RMDs) might sound like a routine part of retirement planning, but they're anything but simple. The IRS rules are layered with exceptions, deadlines, and technical ...

A retirement account is a great place to stash cash during your working career. If you put away enough money, you might even be able to retire early. However, once you turn 73 (or 75 if you were born ...

Untangling their finances after they die only adds to the strain — particularly when it comes to retirement accounts. Imagine Stan, a 70-year-old widower who inherited his 71-year-old wife’s Roth IRA ...

I’ve received letters from the thrift savings plan (TSP) and from my IRA holder that I am subject to RMDs this year. I’ve ...

Retirement accounts like the 401(k), 403(b), and traditional IRA are tax-deferred, meaning you get a tax break upfront (the ability to deduct contributions from your taxable income), but you must ...