Once you reach age 73, you are legally required to take Required Minimum Distributions (RMDs) from most tax-deferred retirement accounts. The government uses these mandatory withdrawals to collect ...

You don't have to take RMDs from Roth accounts. RMDs are based on your age and your account balance at the end of the previous year. The $23,760 Social Security bonus most retirees completely overlook ...

Finding the exact amount of your RMD is a three-step process. First, you need ending balance(s) from the previous year for any relevant accounts. From there, you'll look up the IRS life expectancy ...

Time flies — and never so quickly as we approach the annual deadline for taking required minimum distributions from traditional IRAs and 401(k) and 403(b) plans. With more boomers reaching age 73 each ...