One thing that can mess up your tax planning in retirement is required minimum distributions (RMDs). Once you turn 72, the IRS forces you to make withdrawals from your retirement accounts.

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 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 ...

(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 ...

You can also verify your RMD by doing the calculation yourself. You could try a simple online calculator, such as Kiplinger’s RMD calculator.Or you could do it manually, too. To get started, go ...

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 ...

Retiring early gives you more time to enjoy life while you’re younger and healthier, but it also has some complications: You’ll pay a penalty if you withdraw money from most retirement savings ...