Required minimum distributions (RMDs) start in the year you turn 73. Your RMD is determined by your age and account balance at the end of the previous year. Failing to take your RMD could result in a ...

To avoid situations where someone doesn't make any withdrawals so they don't ever have to pay taxes, the IRS enacts required minimum distributions (RMDs), which begin the year you turn 73. The exact ...

RMDs begin after a certain age, and you could be taxed on those funds, but there may be some smart ways to avoid a big IRS bill. Learn how to avoid taxes on RMDs.

The IRS allows workers to put aside pre-tax earnings in traditional Individual Retirement Accounts, 401(k) and similar ...

Starting in 2026, higher earners will face additional limits on itemized deductions—making proactive planning before the end ...

As we move into the second half of 2025, now is a good time to review your required minimum distribution (RMD). If you’re 73 or older, the IRS requires you to withdraw a certain amount from your ...

Domain Money reports effective tax optimization strategies can significantly lower tax burdens for all income levels through ...

Traditional tax-deferred account types is where the RMD will apply. The notable exception is anything with a Roth tag applied to it. The age for RMDs had been stuck at 70 and a half for many years. It ...

Rajeev Dhir is a writer with 10+ years of experience as a journalist with a background in broadcast, print, and digital newsrooms. Betsy began her career in international finance and it has since ...

Suze Orman's top 4 money mistakes to avoid: early Social Security, ignoring Roth accounts, emotional spending, underfunded ...

You've spent decades contributing to a tax-advantaged retirement savings account. Now, for one reason or another, you want to withdraw your money. Maybe a medical issue has pushed you into early ...

Financial planners share their top retirement strategies, from utilizing Roth accounts to delaying Social Security to highlighting the value of a personalized financial plan.