Although retirement accounts like 401(k)s and traditional IRAs allow you to deduct your contributions from your taxable income, you don't get to avoid taxes altogether. You're responsible for paying ...

If you like the stocks, bonds, and/or ETFs your money is invested in, you don't have to sell them. An in-kind distribution allows you to move the shares from your tax-advantaged IRA or 401(k) plan to ...

If you have your retirement savings in a traditional IRA or 401(k), you won't always have complete control over how you withdraw that money. Once you turn 73 or 75, depending on your year of birth, ...

You were supposed to take a required minimum distribution (RMD) from your retirement account by Dec. 31, 2025. You planned to do it, but you lost track of it in the busyness of the holidays, and now ...

Failing to take an RMD could trigger a 25% penalty. If you correct the mistake quickly, you can whittle that penalty down. In some cases, the IRS might agree to waive an RMD penalty altogether. The ...

For many financial advisors, the required minimum distribution (RMD) is often treated as a minor, once-a-year administrative task. But for roughly 1 in 3 RMD-age clients who either missed a ...

If you have your nest egg in a traditional retirement account, once you turn 73, you'll have to start taking required minimum distributions (RMDs). Your first RMD can be delayed to April 1 of the year ...

Most retirees must start required minimum distributions from pretax accounts at age 73. Certain heirs with an inherited individual retirement account also must take RMDs. In 2024, some 6.7% of ...

Sabrina Karl has over two decades of experience writing about savings, CDs, and other banking topics. She is currently a full-time staff writer at Investopedia and one of the country's top experts on ...

Forbes contributors publish independent expert analyses and insights. Empowering smarter money moves. Have you considered using a QCD vs RMD for charitable giving, reducing your tax burden and ...

Time flies — and never so quickly as we approach the annual deadline for taking required minimum distributions from traditional IRAs and 401(k) and 403(b) plans. With more boomers reaching age 73 each ...

You can calculate your RMD by referring to an RMD table, but many good brokerages will calculate your RMDs for you and will often let you set up automatic withdrawals. So, should you automate your ...