Anyone facing required minimum withdrawals from retirement accounts should note there's been a change to calculating those amounts. Starting this year, new IRS life expectancy tables — which are used ...

In general, anyone with a tax-deferred retirement account must take withdrawals called required minimum distributions (RMDs) ...

Agency: "Internal Revenue Service (IRS), Treasury." SUMMARY: This document sets forth final regulations providing guidance relating to the life expectancy and distribution period tables that are used ...

As the end of the year approaches, so, too, does the deadline for taking your RMD. If you miss this deadline, the IRS ...

Failure to take your RMD before the deadline results in an excise tax penalty equal to 25% of the amount not withdrawn. Prior ...

In the July 22, 2024, Slott Report, my colleague Sarah Brenner explained how the IRS, in its final SECURE Act required minimum distribution (RMD) regulations issued on July 18, did not budge on a ...

Post-SECURE Act, many individuals who have inherited retirement accounts have significant questions on how their ongoing required minimum distributions (RMDs) must now be calculated. While most ...

To calculate your RMD, the IRS will use a formula that includes your total account balances, your age, your life expectancy, and your beneficiary life expectancies. If you inherit an IRA for someone ...

Most retirees who turned 73 last year must begin withdrawing their first required minimum distribution from their retirement plan by April 1, per Internal Revenue Service rules. In the following years ...

OK, you’re feeling pretty good about your long-term savings habit and now have a rather decent IRA balance. You’re turning 73 or already 73 or older. Now Congress set up a simple rule to force you to ...

IRAs are an important part of many investors' nest eggs. Know the rules for how to withdraw funds from them for your retirement. Individual retirement accounts (IRAs) play a key role in helping ...

Using the modified tables should be generally straightforward for most account owners, although there are a couple of situations that may be trickier this year. One of those instances involves anyone ...