Failure to take your RMD before the deadline results in an excise tax penalty equal to 25% of the amount not withdrawn. Prior ...

In general, anyone with a tax-deferred retirement account must take withdrawals called required minimum distributions (RMDs) ...

If you're 73 or older, there's a good chance the IRS is expecting you to take a required minimum distribution (RMD) this year ...

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 ...

RMDs are mandatory distributions from certain retirement accounts that begin at age 73. You no longer need to take RMDs from Roth accounts. If you inherit an IRA from your spouse, you may get some ...

'I am comfortably retired, but the tax bill is considerable' "Recently, I've wondered if it makes sense to transfer the inherited IRA to a non-retirement account, take the tax and Medicare premium hit ...

An inherited individual retirement account (IRA) is a potential financial windfall that may create new opportunities to achieve your financial goals. If you are a beneficiary currently or expect to be ...

A required minimum distribution (RMD) is the government's way of ensuring you'll pay taxes on money you once contributed to a retirement account tax-free. Even if someone else calculates your RMD for ...

The IRS slaps big penalties for retirees who miss the required minimum distributions from their qualified retirement plans. But what if the person has a good excuse? For example, what if they started ...

Question: I am retired and turning 73 in 2025. My brokerage company just informed me by letter that I am required to take a distribution from my traditional IRA account. I do not need the money and do ...

Most people 73 and older have to take their RMDs by Dec. 31, 2025. Failing to take your RMDs can result in a 25% penalty on the amount you should've withdrawn. You can aggregate RMDs from IRAs, but ...