Retirement expert Denise Appleby shares common pitfalls and real-life examples for IRAs, required minimum distributions, and ...

If a withdrawal was missed, correcting it quickly and filing IRS Form 5329 can potentially reduce penalties. By planning ahead and taking timely action, retirees can protect their savings, remain ...

The market's recent rebound and current bullishness is giving some retirees good reason to make these withdrawals as soon as ...

While required distributions can be taken in the form of a transfer of stocks, bonds, funds, or other assets from an IRA (called an in-kind distribution), most people will receive the RMD in the ...

A George Mason University finance professor gamed out three common strategies on RMDs to find the best option.

Key points An RMD is an amount you must withdraw from certain retirement accounts once you’re 73. You can calculate your RMD using the IRS uniform lifetime table. You may be subject to excise ...

Not taking your RMD could subject you to severe tax penalties. Here’s what could happen if you don’t take it, and what to do ...

IRA account holders receive Form 5498 which includes information about their contributions, rollovers, Roth conversions, and required minimum distributions.

Required minimum distributions (RMDs) are minimum amounts that retirement account owners must withdraw annually. Review our guide to these distributions to learn more.

The RMD amount will typically appear on Form 5498, IRA Contribution Information, in Box 12b. For a 2024 distribution due by April 1, 2025, the amount is shown on the 2023 Form 5498, usually issued ...

What are required minimum distributions (RMDs)? A required minimum distribution is money that must be taken out of a retirement savings plan.

Miss Taking Your RMD? How to Know if You’re Off the Hook for the Excise Tax Inherited IRAs require distributions, but there are exceptions.