Accounts like 401(k)s and traditional IRAs have up-front tax breaks that allow you to deduct your contributions from your taxable income. In return, you're required to pay taxes on the withdrawals you ...

Failure to take an RMD (or taking too little) can lead to a tax penalty as high as 25%. If you and your spouse each have a retirement account, RMDs must be taken separately. Don't let the amount of ...

Retirees with tax-deferred investment accounts must make annual withdrawals, called required minimum distributions (RMDs), beginning at age 73. RMDs are calculated by dividing the retirement account ...

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 ...