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 ...

If you're turning 73 or older in 2025 and have money in tax-deferred retirement accounts, you're required to take minimum distributions (RMDs) from your savings. In this video, I'll walk you through ...

At 73, you’ve reached a significant milestone, which is a result of a lifetime of hard work, planning, and perseverance. Congratulations! However, this particular birthday also comes with an essential ...

Certain retirement accounts require specified withdrawals each year once you turn 73. One benefit of Roth accounts is that they generally don't feature these RMDs. Learn why you might want to automate ...

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 ...

Retirement accounts like the 401(k), 403(b), and traditional IRA are tax-deferred, meaning you get a tax break upfront (the ability to deduct contributions from your taxable income), but you must ...