Retirement is expensive enough without donating 25% of your savings to the IRS in penalties. If you’re over 73, check your ...

If you're retired, you likely know about required minimum distributions (RMDs), the minimum amounts you must withdraw from ...

When the IRS first put out Publication 590-B in 2021 for the 2020 tax year, it offered an example that implied someone (a non ...

These accounts have required minimum distributions (RMDs) -- mandatory annual withdrawals you must make beginning in the year you turn 73. While you technically have until Dec. 31 to take RMDs for the ...

By late December, many tax savings strategies are off the table. But there are still a few simple things that you can do now ...

My husband will turn 73 on Nov. 16, 2027. How much of an RMD does he have to withdraw in 2027 and should he do it between Nov. 16 and Dec. 31, 2027? What percentage of his retirement assets should he ...

RMD rules explain how much money must be taken from a $750,000 retirement account at a certain age. The amount is based on ...

Required minimum distribution rules are shifting again, and anyone with a traditional IRA or employer plan needs to understand the latest changes before 2025 ends to avoid painful penalties and ...

When you reach a certain age, you'll likely be required to withdraw a certain percentage of your savings from your retirement account each year. However, these required minimum distributions (RMDs) ...

In 2024, a new law took effect allowing tax- and penalty-free rollovers from a 529 college savings plan to a Roth IRA, ...

Should you take your first required minimum distribution (RMD) early or late? Here's the financial impact. Taking your first RMD late could leave you with a lot of extra taxable income for the year, ...

Active-duty and federal employee veterans have until Dec. 31 to contribute to their Thrift Savings Plan for 2025. The annual limit is $23,500, with an extra $7,500 catch-up for those 50 and older; or ...