The majority of adults 73 and older who have to take required minimum distributions (RMDs)-- mandatory annual withdrawals ...
A financial advisor can offer valuable suggestions and map out an RMD plan. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you ...
Are you fortunate enough to not yet need the withdrawal from your retirement account that the IRS is forcing you to take at some point during the year ahead? If so, congratulations! And don't sweat it ...
Although you can't avoid taxes without giving up something else, you can minimize and postpone your tax burden. You’ll also still want to maximize your returns and minimize your risk, no matter what ...
Once you turn 73, the IRS requires you to take taxable withdrawals from ordinary (non-Roth) IRAs. While these distributions are taxable, they’re also opportunities to restructure your portfolio or ...
For many retirees, 73 is the magic age – the time they must begin withdrawing required minimum distributions (RMDs) from their retirement accounts. Retirees born in 1960 or later have until 75 to ...
Are you going to be 73 years old (or older) at any point in 2025? If so, whether or not you need it -- or even want it -- you will be legally required to start taking money out of most types of ...