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Required minimum distributions, or RMDs, are the amounts that must be withdrawn each year from specific retirement plan accounts upon reaching the required minimum distribution age.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

If you play your cards right, you can avoid an unwanted tax bill. When I first started working full-time and was able to make ...

A new year raises an old, perennial question about how retirees should optimize the use of their retirement savings.

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 ...

Missing an RMD deadline can result in a 25% penalty on the amount not withdrawn.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 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 ...

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

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

‘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, ...