You may not have to take a required minimum distribution (RMD) if you're under 73, or if the account meets certain criteria.
To make sure these withdrawals are made, the IRS enacts required minimum distributions (RMDs), which become required the year you turn 73. The amount of these RMDs is based on two factors: your age ...
If the thought of paying taxes on your RMDs is stressing you out, consider these two options to save on taxes and anxiety.
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 year drawing to a close, individuals with pre-tax retirement accounts should familiarize themselves with the ...
(k) required minimum distributions start at age 73. Understand how to calculate when you have to take RMD withdrawals from ...
Turning 73 in 2025: For the first year you're subject to RMDs only, you can wait until April 1 of the following years to take ...