A little confusion over something that's seemingly simple can end up taking a costly toll when not handled properly.

Here's how the Internal Revenue Service itself defines RMDs: "Required minimum distributions (RMDs) are the minimum amounts ...

Saving enough money for retirement is a primary concern when it comes to financial planning for Americans. However, it's also ...

Never mind RMD ages being increased by the SECURE Acts — required minimum distributions (RMDs) “are the default withdrawal strategy for many who have IRAs,” says the Employee Benefit Research ...

Most Employee Stock Ownership Plans (ESOP) participants transfer their company stock to a traditional IRA starting around age ...

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The only option open to taxpayers at all income levels is a traditional nondeductible IRA, but this subjects investors to two ...

There is a Wall Street financial generalization that still rings true a majority of the time: portfolios should focus on ...

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However, the IRS is reminding retirees who take their first distribution April 1 that they must also take their second RMD ...

Aliss Higham is a Newsweek reporter based in Glasgow, Scotland. Her focus is reporting on Social Security, other government benefits and personal finance. She has previously extensively covered U ...

The IRS can require you to withdraw money from your savings each year or face steep tax penalties. These mandatory annual withdrawals are known as required minimum distributions (RMDs) and typically ...