But there's a big drawback to saving for retirement in a traditional IRA or 401 (k). These accounts force you to take ...

The penalty for missing an RMD has been cut from 50% to 25%, and can even be 10%. Learn about the new, less punitive rules ...

Those 73 and older typically have to take their required minimum distributions (RMDs) by Dec. 31. RMDs are based on your account value at the end of the previous year and your age. You must take RMDs ...

Each year, American retirees lose approximately $1.7 billion in IRS penalties for not taking their required minimum distributions. According to Vanguard, around 6.7% of its clients missed their annual ...

Required minimum distributions (RMDs) are mandatory annual distributions the government requires you to take from most retirement accounts beginning in the year you turn 73. It does this to get its ...

Failing to take your RMDs can result in tax penalties of up to 25% of the untaken RMD amount. Note, however, that you no longer have to take RMDs from Roth 401(k)s beginning in 2024. Qualified ...

Missing an RMD deadline can result in a 25% penalty on the amount not withdrawn. Double-checking your RMD calculations can help prevent a penalty. You're free to withdraw more than your RMD, but ...

As many as 7% of retirees aren't taking required withdrawals from their accounts, a mistake that can be costly. Luckily, there are some easy fixes.

It's hard to believe, but we're just a few weeks away from 2025, and that means the clock is ticking on 2024 required minimum distributions (RMDs). They're required annual withdrawals most workers 73 ...

If you don't take enough in RMDs from your retirement accounts, you'll face a penalty of up to 25% of what you were supposed to withdraw. Be sure to know the deadline for RMDs and take them earlier, ...