The amount of your RMD depends on your age and account balances. Failing to take your RMD could result in a penalty of 25%, or 10% if corrected in a timely manner. Although retirement accounts like ...

If you're over 73 and have an IRA, understanding how to handle excess funds from mandatory withdrawals is crucial. Learn how to avoid hefty IRS penalties and make the most of your retirement savings ...

Required minimum distributions can be a touchy subject for retirees and their financial advisors, requiring them to liquidate assets that they may prefer to keep in the market. Frustration around RMDs ...

The IRS allows workers to put aside pre-tax earnings in traditional Individual Retirement Accounts, 401(k) and similar ...

If you're on the fence about when to take your RMDs, July may be the sweet spot. July withdrawals can help you avoid the end-of-year rush. If you plan to take a withdrawal in July but the market is ...

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Required minimum distributions (RMDs) are a way for the IRS to ensure you eventually pay your fair share of taxes on tax-advantaged accounts like 401(k)s and traditional IRAs. RMDs begin the year you ...