It pays to calculate RMDs (Required Minimum Distributions) as you approach retirement or if you are already retired. You'll avoid tax penalties and preserve more of your retirement savings. Besides ...

Tax-deferred accounts such as traditional IRAs and 401(k) plans allow workers to delay paying taxes on qualified contributions. But the government must eventually get its due. Upon reaching a certain ...

You must begin taking required minimum distributions the year you turn 73. The amount of your RMD will depend on your age and account value at the end of the previous year. You could face a penalty of ...

You may not have to take a required minimum distribution (RMD) if you're under 73, or if the account meets certain criteria. Look at your account balance at the end of the previous year when ...

This article discusses what your RMDs might be if you have $500,000 tucked away in your retirement accounts. I'll also ...

This is one retirement move you really want to get right.

You don't have to take RMDs from Roth accounts. RMDs are based on your age and your account balance at the end of the previous year. The $23,760 Social Security bonus most retirees completely overlook ...

Forbes contributors publish independent expert analyses and insights. Bob Carlson researches all facets of retirement finances. Required minimum distributions from IRAs and 401(k)s can become a major ...

Secure 2.0 raised the RMD age to 73 for those born between 1951 and 1959. The penalty for missing an RMD dropped from 50% to 25% under Secure 2.0. Individuals ages 60 to 63 can now contribute up to ...

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 ...

With the holiday season just weeks away, you probably want to focus your attention on parties, gifts, and maybe some upcoming vacations. But if you're 73 or older and you haven't yet taken your ...

Your RMD depends on your account balance, as well as your age. There’s a straightforward way to calculate your RMD for 2025. The important thing is to use the correct IRS life expectancy table. After ...