A new year raises an old, perennial question about how retirees should optimize the use of their retirement savings.

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

Dear Liz: I have $160,000 in a 403 (b) retirement plan and I’m 70. I know I have to start taking required minimum ...

According to research from Vanguard, failure to withdraw RMDs have cost Americans as much as $1.7 billion annually. In 2024 ...

If you’re entering retirement, it’s essential to understand how required minimum distributions, or RMDs, work. Tax-deferred ...

Failing to take RMDs will result in a penalty of 25% of the amount you failed to withdraw. The penalty for failing to take an ...

Required minimum distributions (RMDs) on pre-tax retirement accounts start at age 73 for account holders born between 1951 ...

One of the biggest benefits of saving in traditional retirement accounts like a 401(k) or IRA is the upfront tax break you receive. You won't owe any income taxes on contributions in the year you make ...

Required minimum distributions, or RMDs, are the amounts that must be withdrawn each year from specific retirement plan accounts upon reaching the required minimum distribution age.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

RMDs are minimum amounts that you must withdraw annually from your IRA or other retirement plan account. Did you know that, in most cases, you must start taking required minimum distributions (RMDs) ...

Mandatory withdrawals are technically called required minimum distributions. When must I take them? If you were born before 1951, you’ve probably already begun taking required minimum distributions.

Missing required minimum distributions can lead to large tax penalties.