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 ...

Traditional IRAs and 401(k) plans allow workers to save pre-tax dollars for retirement. Any contributions can be deducted from gross income, provided modified adjusted gross income does not exceed ...

Retirement planning is full of twists and turns, yet few things cause as much confusion as required minimum distributions.

Contributing to a 401(k) or IRA is one of the best ways to save for retirement. The government will give you a tax deduction equal to your contribution every year you add money to one of those ...

These accounts force you to take required minimum distributions (RMDs) once you reach a certain age. That age is 73, or 75 if ...

If you are 73-years-old or older and haven’t taken a Required Minimum Distribution from your tax-deferred retirement account, the IRS says most people need to do it by the end of 2024. Required ...

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.

Forbes contributors publish independent expert analyses and insights. Bob Carlson researches all facets of retirement finances. Required minimum distributions from IRAs and 401(k)s can become a major ...

Once you hit required minimum distributions age (73), how much control do you have over the timing, amount, and source of your distributions? Let’s examine each of the levers. Retirees exert some ...

Anyone who turned 73 in 2025 will have to take their first RMD soon, if they haven't already done so. Missing an RMD deadline can result in severe tax penalties, especially if you don't correct them ...

Required minimum distributions, or RMDs, are the amounts that must be withdrawn each year from specific retirement plan accounts upon reaching the required minimum distribution age.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