It pays to calculate RMDs (Required Minimum Distributions) as you approach retirement or if you are already retired. You'll avoid tax penalties and preserve more of your retirement savings. Besides ...

You may not have to take a required minimum distribution (RMD) if you're under 73, or if the account meets certain criteria. Look at your account balance at the end of the previous year when ...

Tax-deferred accounts such as traditional IRAs and 401(k) plans allow workers to delay paying taxes on qualified contributions. But the government must eventually get its due. Upon reaching a certain ...

You must begin taking required minimum distributions the year you turn 73. The amount of your RMD will depend on your age and account value at the end of the previous year. You could face a penalty of ...

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 ...

One of the biggest benefits of saving in traditional retirement accounts like a 401(k) or IRA is the upfront tax break you receive. You won't owe any income taxes on contributions in the year you make ...

Dear Liz: I have missed three years of required minimum distributions from one of my IRAs although I have not heard from the IRS about this. What do you advise me to do now? Answer: Did you include ...

How you take a distribution can greatly impact your taxes ...