In general, anyone with a tax-deferred retirement account must take withdrawals called required minimum distributions (RMDs) beginning at age 73. RMDs are calculated by dividing the retirement account ...

Do Roth IRAs Have Required Minimum Distributions? No, Roth IRAs do not have required minimum distributions, at least while the account holder is still alive. But if you are the beneficiary of a Roth ...

Will you be 73 (or older) in 2025? And, do you have any money in a traditional IRA, 401(k), or other workplace retirement account? If you answered yes to both questions, you'll soon need to take at ...

One of the biggest benefits of saving in traditional retirement accounts like a 401(k) or IRA is the upfront tax break you receive. You won't owe any income taxes on contributions in the year you make ...

The deadline for required minimum distributions (RMDs) is normally Dec. 31, but there's an exception for your first RMD. Some types of retirement accounts have special rules when it comes to RMDs.

Many retirement savers choose to take advantage of retirement plans like a 401(k) or IRA while they're working. The big benefit is that you get to deduct your contributions from your taxes in the year ...