Required minimum distributions (RMDs) on pre-tax retirement accounts start at age 73 for account holders born between 1951 ...

Required minimum distributions, or RMDs, are the amounts that must be withdrawn each year from specific retirement plan accounts upon reaching the required minimum distribution age. These mandatory ...

But keep in mind that you can't keep all that money in there forever. The IRS requires you to begin withdrawing money from ...

Taking your RMD in January could give you peace of mind and helps you avoid the tax penalty for not taking RMDs as scheduled. It could also cause you to miss out on investment earnings you could have ...

Retirement planning is full of twists and turns, yet few things cause as much confusion as required minimum distributions.

If you're 73 years old or older as of this year, you are required to annually withdraw money from most retirement savings accounts. The size of this withdrawal varies with age and the amount of ...

Missing an RMD deadline can result in a 25% penalty on the amount not withdrawn. Double-checking your RMD calculations can help prevent a penalty. You're free to withdraw more than your RMD, but ...

If you’re nearing retirement or thinking about it, the last thing you want to do is run into financial setbacks.

If you are reviewing your retirement savings for 2026, there are changes set for 401(k)s that you should be aware of. The ...

‘Tis the season for last-minute shopping, family get-togethers, and year-end financial tasks. But many Americans forget the last item – or don’t do it correctly – leading to tax penalties and, often, ...

There is no age limit on Roth conversions, so you can transfer pre-tax savings into a Roth IRA regardless of your age or ...

If you withdraw money from your traditional IRA before age 59½, you will likely have to pay a 10% penalty on top of regular ...