Time flies— and never so quickly as we approach the annual deadline for taking required minimum distributions from ...

Elizabeth Blessing is a financial writer and editor specializing in growth investing, high-yield stocks, small caps, and gold investing. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA ...

Inheriting an individual retirement account (IRA) comes with specific tax obligations that can feel overwhelming during an already difficult time. One of the most important requirements to understand ...

Looking for "The 401(k) Early Withdrawal Penalty: It's Not Fair!" Click here. This article has been corrected from its original version. Custodians will not calculate the required minimum ...

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 distributions (RMD) are mandatory withdrawals seniors must take from their retirement accounts starting at age 73. RMDs are not a set dollar amount. Rather they're a sliver of your ...

If you have more than one retirement account, you must calculate your required monthly distributions for each one of them separately. According to the Internal Revenue Service, you can aggregate your ...

It pays to calculate RMDs (Required Minimum Distributions) as you approach retirement or if you are already retired. You'll avoid tax penalties and preserve more of your retirement savings. Besides ...

A required minimum distribution (RMD) is the minimum amount of money you must withdraw from your retirement plans annually after reaching a certain age, depending on your birth year. Mind Your Money ...

Everything I read about required minimum distributions (RMD) from your IRA says the amount is based on your age and the IRA's value on Dec. 31 of the previous year. What age should be used if the RMD ...

I know you have to calculate your required minimum distribution from each traditional IRA separately and that you can take the money from any of your IRAs. But can you take the money from your ...