9 retirement strategies for making the most of your required minimum distribution (RMD)

A Roth IRA conversion, sometimes referred to as a "backdoor Roth IRA," lets you transfer tax-deferred savings -- such as from ...
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Terry Savage: Now is the time to figure RMDs and review retirement portfolios

If you are retired, this is the perfect moment to review your investment exposure and— if you will be older than 73 this year ...

How much is the required minimum distribution if you have $500,000 in your retirement account?

Required minimum distributions (RMDs) begin the year someone turns 73 years old. RMDs are based on your age and account value ...

Forgot to Take Your RMD? Here's What to Do Right Away.

When you realized you'd missed the RMD. Why you missed the distribution. The date you took the missed RMD. If you're ...

Don't Panic: How to Fix a Missed RMD and Possibly Avoid the 25% Penalty

Failing to take RMDs will result in a penalty of 25% of the amount you failed to withdraw. The penalty for failing to take an ...

Don't Leave the IRS a $1.7 Billion Tip: Set Up These RMD Reminders Now

According to research from Vanguard, failure to withdraw RMDs have cost Americans as much as $1.7 billion annually. In 2024 ...

Understanding RMDs: What They Are and How They Work

What Are RMDs? Required Minimum Distributions are withdrawals that the IRS mandates you begin taking from your retirement accounts once you reach the age of 73. This rule applies to traditional IRAs, ...
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A 72-Year-Old With $900,000 Discovers RMDs Won’t Drain the Portfolio as Expected

Reaching 72 with $900,000 in tax-deferred retirement accounts means navigating required minimum distributions (RMDs) while ...

Retirement Income Sources That Won't Trigger Higher Medicare Premiums

If your modified adjusted gross income (MAGI) is too high, your Medicare Part B premiums could skyrocket. This article ...