A Roth IRA conversion, sometimes referred to as a "backdoor Roth IRA," lets you transfer tax-deferred savings -- such as from ...

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 ...

You can't avoid required minimum distributions (RMDs), but you can control where that money goes. Some RMD strategies can help you avoid taxes. Your unneeded RMDs can give your favorite causes a leg ...

Required minimum distributions (RMDs) begin the year someone turns 73 years old. RMDs are based on your age and account value ...

Leaving RMD funds in your retirement account throughout the entire year allows more time for growth. Taking RMDs in December can simplify taxes by ensuring you only owe taxes on a single withdrawal, ...

One of the biggest advantages of investing in retirement accounts is the tax advantages. Contributions to an IRA or 401(k) are tax-deductible the year you make them. On top of that, any dividends or ...

After you hit age 73, you generally have to take required minimum distributions, which are the minimum amount the IRS requires you to withdraw from select retirement accounts like 401(k)s and IRAs ...

Required minimum distributions, or RMDs, are the amounts that must be withdrawn each year from specific retirement plan accounts upon reaching the required minimum distribution age. These mandatory ...

Forbes contributors publish independent expert analyses and insights. Empowering smarter money moves. Have you considered using a QCD vs RMD for charitable giving, reducing your tax burden and ...

But keep in mind that you can't keep all that money in there forever. The IRS requires you to begin withdrawing money from these accounts -- and pay taxes on those withdrawals -- once you turn 73.

Tax-deferred retirement accounts are a necessary source of income for seniors looking to age in place. But it can be confusing to navigate the options for taking the required minimum distributions ...

Is the IRS forcing you to make a withdrawal from a retirement account this year? If you're going to be at least 73 years old at any point in 2025 and you've also got some money in an ordinary, ...