Required minimum distributions (RMDs) begin the year someone turns 73 years old. RMDs are based on your age and account value at the end of the previous year. The initial penalty for a missed RMD is ...

A Roth IRA conversion, sometimes referred to as a "backdoor Roth IRA," lets you transfer tax-deferred savings -- such as from ...

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

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

If you’re entering retirement, it’s essential to understand how required minimum distributions, or RMDs, work. Tax-deferred ...

Required minimum distributions, or RMDs, are the amounts that must be withdrawn each year from specific retirement plan accounts upon reaching the required minimum distribution age.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

A request for waiver of the Additional Tax on Excess Accumulations. The year the RMD was missed. The date you took the missed ...

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

Retirement accounts like the 401(k), 403(b), and traditional IRA are tax-deferred, meaning you get a tax break upfront (the ability to deduct contributions from your taxable income), but you must ...

Did you know that, in most cases, you must start taking required minimum distributions (RMDs) from your retirement accounts each year once you reach age 73? IRS rules require that you take withdrawals ...

Missing required minimum distributions can lead to large tax penalties.

One of the pros of retirement accounts like 401(k)s and traditional IRAs is that contributions can lower your taxable income. However, getting a tax break upfront doesn't mean you're off the hook ...