Visit the IRS: Or, go to the source: Visit the IRS website to find additional information on RMDs, such as what they are, the types of retirement plans that require RMDs, the timeline for taking ...

Navigating the complexities of Required Minimum Distributions (RMDs) and lottery winnings can be daunting. Both have significant tax implications that can impact your financial planning.

Calculating your Required Minimum Distribution is a straightforward process once you have the information you need from the IRS.

Tax-deferred accounts such as traditional IRAs and 401(k) plans allow workers to delay paying taxes on qualified contributions. But the government must eventually get its due. Upon reaching a certain ...

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 ...

Is the Internal Revenue Service forcing you to make a withdrawal from an IRA this year? If you'll be 73 years old or older at any point in 2025 and you happen to have some money sitting in a non-Roth ...

Growing fears of a retirement crisis in the U.S. are no secret as Americans face a future that potentially includes fewer Social Security benefits. But the uncertainty of Social Security is not the ...

Required minimum distributions (RMDs) start in the year someone turns 73. The amount of your RMD depends on your age and account balance. Failing to withdraw your required amount could subject you to ...