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 ...

As investors reach the age of retirement after years of diligently investing, many wonder about the rules for retirement account distributions and how much should be withdrawn from these accounts.

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 ...

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 ...

You must begin taking required minimum distributions the year you turn 73. The amount of your RMD will depend on your age and account value at the end of the previous year. You could face a penalty of ...