Explaining the required minimum distribution (RMD) table. ... Example: Someone who is 73 years old with $100,000 in their retirement account would have to take an RMD of $3,773.58 for the year.

Before 2019, RMDs began in the year you turned 70 ½. In 2019, the SECURE Act raised the RMD age to 72. Then Secure Act 2.0 raised the RMD age again, based on your birthday as shown in the table ...

(The Secure Act, which passed in early 2020, increased the RMD age from 70 1/2 to 72. The Secure Act 2.0 increased the age again from 72 to 73 in late 2022.) As of 2024, however, Roth-designated ...

The government imposes RMDs on anyone who turns 73 or older in 2025, and on many who inherit IRAs. Taking your RMD early in the year can lower future RMDs over the long run. You must complete your ...

Options under Rule 72(t) are amortization, required minimum distribution, and annuity purchase. If you're thinking about early retirement but don't have a stash of cash, one option is to tap into ...

If you must take RMDs from a retirement account with a balance of $500,000 or more, consider a Roth conversion or these other strategies to lessen the financial shock.

People often think they don't have any choice about taking the IRS-mandated required minimum distributions from their retirement accounts – but they do. While you can't skip making the ...