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

RMDs require careful planning to be handled wisely.

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

Required minimum distributions begin the year you turn 73 years old. The amount of your RMD largely depends on your age and ...

What goes up must come down. That's a basic way of expressing gravitational pull, but I'm actually talking about the balances ...

Is the IRS now forcing you to take money out of your IRA? If you're going to be 73 years old (or older) at any point this year and the IRA in question isn't a Roth account, it will be. They're called ...

Once you reach a certain age, you are required to start withdrawing money from certain retirement accounts. This is known as required minimum distributions, or RMDs, and is an important concept for ...

Take Becka, a hypothetical married mother of three who inherited her mom’s individual retirement account (IRA). She needs 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 ...

Elysse Bell is a finance and business writer for Investopedia. She writes about small business, personal finance, technology, and more. Suzanne is a content marketer, writer, and fact-checker. She ...

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 ...