How Much Is the Required Minimum Distribution (RMD) If You Have $1 Million in Your Retirement Account?

But keep in mind that you can't keep all that money in there forever. The IRS requires you to begin withdrawing money from ...
Hosted on MSN

Don't Need Your Required Minimum Distribution (RMD) Right Now? What Can You Do With the Cash Influx?

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 ...
The Monterey County Herald

Barry Dolowich, Tax Tips: 2025 require minimum distribution of an IRA account

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 ...
The Daily Overview on MSN

Retire in 4 years: should I move 25% of my 401(k) to Roth IRA?

With retirement just four years away, the decision to shift a quarter of a 401(k) into a Roth IRA is less about chasing a ...
AOL

6 Legal Ways To Avoid Taxes on Required Minimum Distributions (RMDs)

If you have money in tax-advantaged retirement accounts, you will be required to start taking required minimum distributions (RMDs) in the year you turn 73 if you were born between 1951 and 1959. This ...
MarketWatch

I’m in my 70s. Should I take the tax hit and withdraw all of my inherited IRA to avoid required minimum distributions?

I’m in my mid-70s, have no debt and have managed as a single person to amass about $1 million in traditional IRA savings, plus some non-retirement account investments. I also inherited a traditional ...
The Motley Fool

Is Taking Your Required Minimum Distribution (RMD) in December a Smart Move?

Leaving RMD funds in your retirement account throughout the entire year allows more time for growth. Taking RMDs in December can simplify taxes by ensuring you only owe taxes on a single withdrawal, ...
Nasdaq

Don't Want to Pay Tax on Your 2025 Required Minimum Distribution (RMD)? The IRS Gives You a Way Out.

You loved the tax break you got when you made retirement account contributions. But now that you're old enough for required minimum distributions (RMDs), you might wish you had gotten the taxes out of ...