I’m 68, single and retired. I started claiming Social Security at 65 and my house is paid off completely. I have two fixed ...

RMDs require careful planning to be handled wisely.

The IRS uses required minimum distributions to ensure people take money out of their traditional retirement accounts as they get older. The agency has to collect tax revenue, but beyond that reason, ...

Being aware of these changes can help you avoid unnecessary penalties.

As the year draws to a close, retirees should review how required minimum distributions (RMDs) are calculated.

Knowing these rules can help you avoid big penalties or unnecessary withdrawals.

Required minimum distributions (RMDs) are mandatory yearly withdrawals from tax-deferred retirement accounts once you reach a specific age. Failing to take them results in penalties, and taking them ...

With a self-directed IRA, you can take an in-kind distribution—transferring ownership of an asset to yourself—to satisfy your RMD, even if cash is scarce.

As I turn 73 later this year, I’ve reached a significant, if dubious, milestone. I’m now subject to Required Minimum Distributions. It's worth taking a moment to celebrate reaching this point. Having ...

Most retirees who turned 73 last year must begin withdrawing their first required minimum distribution from their retirement plan by April 1, per Internal Revenue Service rules. In the following years ...

Receiving $30,000 in annuity income can reduce your RMD if the annuity is in a traditional retirement account. It’s important to consider your risk tolerance and long-term goals before committing to ...

In general, anyone 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 ...