To avoid situations where someone doesn't make any withdrawals so they don't ever have to pay taxes, the IRS enacts required minimum distributions (RMDs), which begin the year you turn 73. The exact ...

In general, anyone 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 ...

Once you turn 73, the IRS requires you to take taxable withdrawals from ordinary (non-Roth) IRAs. While these distributions are taxable, they’re also opportunities to restructure your portfolio or ...

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 ...

If you're taking a required minimum distribution from an IRA, 401(k) or other tax-deferred account and don't need the money to cover living expenses, where should you stash that unneeded cash?

Required minimum distributions (RMDs) start in the year you turn 73. Your RMD is determined by your age and account balance at the end of the previous year. Failing to take your RMD could result in a ...

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 ...

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 ...

Non-Roth IRA owners who are 73 years old or older are required to make taxable withdrawals from these accounts. Given that these are almost always taxable distributions, investors will want to plan ...

The IRS eventually comes looking for the tax revenue it didn't get to collect earlier on the money invested within IRAs and other tax-deferred accounts. Just because you withdraw money from a ...