In return, the Internal Revenue Service (IRS) expects to eventually recoup the taxes from you when you make withdrawals from ...

Required minimum distributions (RMDs) are a way for the IRS to ensure it receives some money after allowing you to deduct ...

You may not have to take a required minimum distribution (RMD) if you're under 73, or if the account meets certain criteria.

There's actually a pretty clear answer to the question. But first things first.

With the year drawing to a close, individuals with pre-tax retirement accounts should familiarize themselves with the ...

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 ...

If the thought of paying taxes on your RMDs is stressing you out, consider these two options to save on taxes and anxiety.

The IRS eventually comes looking for the tax revenue it didn't get to collect earlier on the money invested within IRAs and other tax-deferred accounts. Just because you withdraw money from a ...

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. The ...