Failing to take your RMD as scheduled can result in a 25% penalty on the amount you should have withdrawn. You may have to take the money out of your retirement account, but you're not required to ...

The deadline for making your annual required minimum distribution (RMD) from certain retirement accounts is almost here-and ...

Anyone with a 401(k), traditional IRA or similar tax-deferred retirement account eventually is going to face the requirement ...

Q: I inherited an IRA from my father, who passed away in 2021. He was 80 and was taking required minimum distributions. Initially, I was told that I was subject to the 10-year rule but was not ...

Required minimum distributions (RMDs) are mandatory annual withdrawals the government makes you take from most retirement accounts beginning the year you turn 73. If you reached that milestone in 2024 ...

For many retirees, 73 is the magic age – the time they must begin withdrawing required minimum distributions (RMDs) from their retirement accounts. Retirees born in 1960 or later have until 75 to ...

The IRS eventually comes looking for the tax revenue it didn't get to collect earlier on the money invested within IRAs and other tax-deferred accounts. Just because you withdraw money from a ...

Once you turn 73, the IRS requires you to take taxable withdrawals from ordinary (non-Roth) IRAs. While these distributions are taxable, they’re also opportunities to restructure your portfolio or ...

Are you going to be 73 years old (or older) at any point in 2025? If so, whether or not you need it -- or even want it -- you will be legally required to start taking money out of most types of ...