A new year raises an old, perennial question about how retirees should optimize the use of their retirement savings.

But keep in mind that you can't keep all that money in there forever. The IRS requires you to begin withdrawing money from ...

Required minimum distributions (RMDs) on pre-tax retirement accounts start at age 73 for account holders born between 1951 ...

If you play your cards right, you can avoid an unwanted tax bill. When I first started working full-time and was able to make ...

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 ...

One of the biggest benefits of saving in traditional retirement accounts like a 401(k) or IRA is the upfront tax break you receive. You won't owe any income taxes on contributions in the year you make ...

Mandatory withdrawals are technically called required minimum distributions. When must I take them? If you were born before 1951, you’ve probably already begun taking required minimum distributions.

Did you know that, in most cases, you must start taking required minimum distributions (RMDs) from your retirement accounts each year once you reach age 73? IRS rules require that you take withdrawals ...

As we approach the end of 2024, have you taken your required minimum distribution? This may be the first time you’ve heard that taxes are due on monies that you have not paid taxes on. If you’re like ...

But keep in mind that you can't keep all that money in there forever. The IRS requires you to begin withdrawing money from ...