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 ...

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 ...

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, ...

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 ...

Individuals 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 ...

Unfortunately, you can't time the market on required minimum distributions (RMDs). RMDs are calculated based on two factors: the value of your portfolio and your age, both as measured at the end of ...

Inherited retirement accounts that once felt like a windfall are now coming with a firm deadline to pull money out, and the clock is running for many heirs. The rules around required withdrawals have ...

Required minimum distributions (RMDs) become an annual obligation once you turn 73. The size of your RMD will depend on your current age and the balance in your tax-deferred retirement accounts.