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 ...

Required minimum distributions, or RMDs, are the amounts that must be withdrawn each year from specific retirement plan accounts upon reaching the required minimum distribution age.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

At 73, you’ve reached a significant milestone, which is a result of a lifetime of hard work, planning, and perseverance. Congratulations! However, this particular birthday also comes with an essential ...

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, ...

Are you fortunate enough to not yet need the withdrawal from your retirement account that the IRS is forcing you to take at some point during the year ahead? If so, congratulations! And don't sweat it ...

Required minimum distributions (RMDs) become an annual obligation once you turn 73. The size of your RMD will depend on your current age and the balance in your tax-deferred retirement accounts.

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 ...