RMDs may sound complex, but the rules are really quite straightforward. Here's how to know for sure if you're supposed to take RMDs.

Use SmartAsset's RMD calculator to see what your required minimum distributions look like now and in the future. Enter your retirement account balance at the end of the previous year, your age and the ...

The required minimum distribution, or RMD, is the minimum amount that you have to pull out of your IRA, SIMPLE IRA, SEP IRA or retirement plan account. According to the IRS, If you reached the age of ...

Required Minimum Distribution (RMD) refers to the minimum amount you must withdraw from your retirement accounts once you reach a certain age. This IRS-mandated rule requires you to withdraw your RMD ...

It pays to calculate RMDs (Required minimum distributions) as you approach retirement or if you are already retired. RMDs are the minimum annual withdrawals you must make each year from most ...

Q. In your last column about RMDs from retirement accounts, you mentioned you would “… cover some other ways to reduce the tax liability in a future column.“ I don’t need my RMD and I don’t want to ...

Required Minimum Distributions are supposed to be a routine part of retirement, yet a handful of subtle missteps can quietly drain hundreds of thousands of dollars from even well-managed portfolios. I ...

If you’re entering retirement, it’s essential to understand how required minimum distributions, or RMDs, work. Tax-deferred ...

If you turned 72 in 2022, are you eligible for the SECURE 2.0 age change to age 73 for your first RMD? Readers are already asking questions about how SECURE 2.0, the new act that was signed into law ...

Beneficiaries must take required minimum distributions from their inherited IRAs. When the RMD is an annual obligation, the Single Life Expectancy Table must be used to identify the denominator for ...

The calculation of required minimum distributions for beneficiaries has always been uniquely complicated because of confusing tax rules that differ depending on the type of beneficiary, when they ...

Failure to make your full RMD withdrawal can result in a 25% penalty tax. Missing a withdrawal due date is an easy way to be hit with a bigger tax bill. Making a qualified charitable distribution can ...