If you have a tax-deferred retirement savings account such as a 401(k), taking earlier or larger withdrawals than required won't directly reduce future mandated distributions. However, since pulling ...

Tax-deferred retirement accounts like traditional IRAs and 401(k) plans let investors reduce their tax burden in a given year ...

For U.S. retirees, there used to be this iron-clad rule that you had to begin retirement account withdrawals at age 72. Under a new law passed last year called “SECURE 2.0”, the required minimum ...

Seniors got a big break back in March when the Coronavirus Aid, Relief, and Economic Security (CARES) Act nixed required minimum distributions (RMDs) for 2020. But some retirees who took money out of ...

2020 was an eventful year when it came to IRA required minimum distributions (RMDs), especially for those who took their RMDs before the March 2020 suspension was enacted. Then came rollover relief.

Adviser Denise Appleby provides a quick summary of the recent IRS notice. There is no penalty for 2021 and 2022 RMD failures, according to the just-published IRS Notice 2022-53 about SECURE Act RMDs, ...

The subject of a reader’s question has to do with 2020 RMDs that should not be taxable because they were reversed. D.R. normally takes her required minimum distributions (RMDs) from her individual ...