Required minimum distributions (RMDs) are the minimum amount that you are required to withdraw from certain types of retirement accounts each year once you reach a certain age. RMDs apply to traditional individual retirement accounts (IRAs) and 401(k) plans, as well as other types of retirement accounts that allow you to defer paying taxes on your contributions and earnings until you withdraw the money in retirement.
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The IRS has issued final regulations focused on required minimum distribution (RMD) rules for inherited IRAs....
This couple is learning about how their RMDs fit into their retirement plan. Required Minimum Distributions (RMDs) are a vital aspect of retirement planning that every retiree should understand to eff...
Concerned about RMDs? Worried about outliving your retirement savings? A qualified longevity annuity contract defers some RMDs and guarantees lifetime income....
When you inherit an IRA, you likely have a lot of questions. Do you need to take RMDs? When? How long do you have before the account must be cleaned out?...
Some retirees make an expensive mistake by trying to roll over their required minimum distributions to Roth IRAs....
The IRS again waived the required minimum distributions for inherited IRAs. But not taking a distribution could cost you more over the long term....
No matter where you are in your financial journey, many options are available, including eliminating RMDs altogether through Roth conversions....
I'm still a few years away from being required to withdraw from my IRAs. A big part of the dollars needed to satisfy the minimum RMD is being generated by dividends and interest. In the event that I n...
Check out the latest podcast episode on retirement planning and Social Security by listening on “Apple Podcasts” or “Spotify Podcasts” and watch more retirement planning videos...
Hi, unfortunately I have RMDs coming up and it will boost my retirement income, increase taxes as well as trigger IRMAA. Any recommendations on how to reduce taxable income during retirement? POTENTIA...
I am 60 years-old and retired. I have about $800k in [traditional] IRAs and about $700k in brokerage accounts. Should I start drawing on my IRA's now, or should I leave it to grow and draw from my aft...
Learn about the 2024 guidelines related to required minimum distributions from qualified retirement accounts....
Those age 73 and older must make required withdrawals from retirement plans by Dec. 31...
Photo credit: jb If you have an IRA that you have to take Required Minimum Distributions (RMDs) from, you need to do this every year by the end of the year. So what if you forget one year? The rule is...
By Dr. Jim Dahle, WCI Founder Inherited IRA rules changed a few years ago, but Congress and the IRS did a terrible job of really communicating all of the new rules that occurred as a result of the SEC...
At what age do Required Minimum Distributions kick in? (I'm 67 now.) What kinds of accounts do they apply to? I have a mix of Roth and conventional IRAs, 401k's, annuities, and some TIAA/CREF stuff, t...
Hello - pardon the throwaway. I've been pretty active in this sub under my other name, and I'm really apprehensive about asking this question. I just found out my company is being sold in Q1 24. I fee...
The end of the year will soon be upon us! Here’s a quick checklist of items to accomplish before we turn the calendar to 2024: Take your Required Minimum Distributions (RMDs) If you’re sch...
The IRS is reminding some seniors and retirees of an important required minimum distribution (RMD) deadline that is just a couple of weeks away....
Due to new laws and IRS waivers, taking required minimum distributions from an inherited IRA can bring a lot of questions....
The new law makes important changes in required minimum distributions for retirement accounts....
January 20, 2023 — The end of the year presented several gifts to well off folks with substantial IRA, 401(k), or 403(b) balances. The biggest is that, thanks to the Secure 2.0 Act of 2022, the ...
December 4, 2022 — Folks who were born in 1950 face their first Required Minimum Distributions (RMDs) from their IRAs and 401(k) type plans. The SECURE Act of a few years ago fixed the age for R...