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Required minimum distributions, or RMDs, are the amounts that must be withdrawn each year from specific retirement plan accounts upon reaching the required minimum distribution age.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

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 ...

Individuals with a tax-deferred retirement account must take withdrawals called required minimum distributions (RMDs) beginning at age 73. RMDs are calculated by dividing the retirement account ...

Inherited retirement accounts that once felt like a windfall are now coming with a firm deadline to pull money out, and the clock is running for many heirs. The rules around required withdrawals have ...

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.