Required minimum distribution amounts are calculated by dividing a life expectancy factor into the relevant account balance from Dec. 31 of the preceding year. For instance, to calculate RMD amounts ...

Failure to take your RMD before the deadline results in an excise tax penalty equal to 25% of the amount not withdrawn.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

These withdrawals, known as required minimum distributions (RMDs), are mandated by the IRS to ensure that at some point, you ...

The subject of having multiple traditional IRA accounts came up recently in a presentation I was giving on QCDs. The context was donating IRA money to charity after age 73 during the IRA's required ...

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 ...

Proactively reviewing your health coverage, RMDs, and IRAs can lower retirement taxes in 2025 and 2026. Here’s how.

My husband will turn 73 on Nov. 16, 2027. How much of an RMD does he have to withdraw in 2027 and should he do it between Nov ...

Wealth Enhancement reports seven year-end tax moves to optimize savings, including maximizing retirement contributions and ...

Think you're saving enough for retirement? Your answer might depend on where you live. See which 12 states have the lowest ...

For many seniors, their home is their biggest asset. But if they were hoping to sell it, buy something smaller and pocket a ...