Required minimum distributions, or RMDs, are the amounts that must be withdrawn each year from specific retirement plan accounts upon reaching the required minimum distribution age.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

Leaving RMD funds in your retirement account throughout the entire year allows more time for growth. Taking RMDs in December can simplify taxes by ensuring you only owe taxes on a single withdrawal, ...

Anyone turning 73 or older this year with an IRA is required to withdraw money from these accounts. Waiting as long as possible to take the very first of these withdrawals can prove needlessly costly.