Required minimum distributions (RMDs) are a way for the IRS to ensure it receives some money after allowing you to deduct ...
Turning 73 in 2025: For the first year you're subject to RMDs only, you can wait until April 1 of the following years to take ...
You may not have to take a required minimum distribution (RMD) if you're under 73, or if the account meets certain criteria.
Tax-advantaged retirement accounts require mandatory withdrawals beginning at age 73, creating substantial tax liabilities ...
Answer: If you got a deduction for contributing this money, and you want to keep the funds you’re required to withdraw, then yes, you have to pay taxes on these distributions.
If the thought of paying taxes on your RMDs is stressing you out, consider these two options to save on taxes and anxiety.
I have a 401(k) with $120,000 in it. I’m 74 and getting the required minimum distribution at the end of each year. Do I need ...
Retirees must begin taking required minimum distributions at 73, triggering potential tax obligations on retirement savings.
In this week's Ask the Editor Q&A, Joy Taylor answers more questions about the use of qualified charitable distributions (QCDs) in end-of-year tax planning.
When it comes to managing retirement income, taxes can be one of your biggest – and most overlooked – expenses. Many retirees ...
The fact that many financial advisors say they do not provide tax planning belies how much value they may add through that ...
Are you a boomer looking for financial planning strategies before year-end? Lower taxes, boost your savings and prep for 2026 ...