But the government must eventually get its due. Upon reaching a certain age, accountholders must take required minimum distributions (RMDs) annually, meaning they must withdraw (and pay taxes on ...

April 1 isn’t just April Fool’s Day. It’s also the latest date to take your first RMD from tax-deferred retirement accounts like IRAs and 401(k)s if you turned 73 last year. Missing this ...

These withdrawals, known as required minimum distributions (RMDs), have important tax implications to consider as you plan your retirement strategy. If you don’t withdraw the required amount on ...

If your RMD exceeds your needs, it can feel more like a burden than a benefit of saving for retirement. Retirees can take advantage of temporarily lower asset prices by taking their RMD right now.

It's called a required minimum distribution, or RMD. Exactly how much you must withdraw depends on your age and account balance. The older you are, the bigger the required withdrawal. To put it in ...

Reinvesting RMD withdrawals can be a great way to keep your money growing and working for you. Even if you're perfectly healthy today, RMDs can help you build a medical fund for the future.

If you’re over the age of 73, at some point this calendar year you have to take money from tax-deferred accounts as required minimum distributions (RMDs). Some younger retirees are in the same ...

Eventually, the government wants its take. It also imposes required minimum distributions, or RMDs, on seniors' tax-deferred retirement accounts starting at age 73. If you inherited an IRA ...

The recent round of market volatility has implications for investors who are subject to required minimum distributions from their tax-sheltered accounts. Joining me to discuss that topic is ...

For anyone who turned 73 in 2024, the first RMD should have been withdrawn by April 1, 2025, based on their Dec. 31, 2023, account balance. They'll have to take their second RMD no later than Dec ...

One key topic to understand well is the required minimum distribution (RMD). It's vital to be familiar with RMDs, because the penalty for not taking them on time is steep. Not only will you need ...