To avoid situations where someone doesn't make any withdrawals so they don't ever have to pay taxes, the IRS enacts required minimum distributions (RMDs), which begin the year you turn 73. The exact ...

House Ways and Means Committee Chairman Richard Neal (D-Mass.) told reporters this week he plans to reintroduce legislation that would boost the required minimum distribution (RMD) age from 72 to 75 ...

There is no best time to take a required minimum distribution (RMD), but delaying until December can maximize tax-deferred ...

Once you hit required minimum distributions age (73), how much control do you have over the timing, amount, and source of your distributions? Let’s examine each of the levers. Retirees exert some ...

Starting in 2026, workers age 50 and older earning more than $145,000 must make catch-up 401(k) contributions to Roth ...

The government offers retirement savers a pretty good deal if they use certain retirement accounts like a 401(k) or IRA. Traditional accounts let many people get deductions on contributions upfront, ...

One of the biggest advantages of retirement accounts like the IRA and 401(k) is the ability to avoid paying taxes. Instead of paying taxes upfront, you can defer those taxes until retirement.

If you're retired and have a tax-deferred retirement account -- like a traditional IRA, SEP IRA, SIMPLE IRA, 401(k), 403(b), or other employer-sponsored plan -- you're undoubtedly aware that you must ...

RMD rules are more than just guidelines, according to EBRI research released last week. Instead, “RMD rules clearly are a default strategy for many people in what they take out of their IRAs," ...

Required minimum distributions (RMDs) start in the year you turn 73. Your RMD is determined by your age and account balance at the end of the previous year. Failing to take your RMD could result in a ...