A request for waiver of the Additional Tax on Excess Accumulations. The year the RMD was missed. The date you took the missed ...

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

But keep in mind that you can't keep all that money in there forever. The IRS requires you to begin withdrawing money from ...

The SECURE 2.0 Act changed the RMD age. Find out if you need to start taking withdrawals at age 73 or 75 based on your birth ...

If you missed your last RMD, the best thing to do is act quickly. You can often get your penalty reduced if you remedy the ...

You can delay your first RMD to April 1 of the year after you turn 73 without being hit with a penalty. But in that case, you ...

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 ...

Dear Liz: I have $160,000 in a 403 (b) retirement plan and I’m 70. I know I have to start taking required minimum ...

Retirement accounts like the 401(k), 403(b), and traditional IRA are tax-deferred, meaning you get a tax break upfront (the ability to deduct contributions from your taxable income), but you must ...

If you play your cards right, you can avoid an unwanted tax bill. When I first started working full-time and was able to make ...