Turning 73 in 2025: For the first year you're subject to RMDs only, you can wait until April 1 of the following years to take ...
If you're not too familiar with required minimum distributions, here are eight things you need to know about taking the right ...
Dear Ruminating, You cannot put the RMD in a Roth IRA or any other type of retirement account like another IRA, a 401(k), or 403(b). The funds sent to you can go in any type of no ...
Retirement accounts like the 401(k), 403(b), and traditional IRA are tax-deferred, meaning you get a tax break upfront (the ability to deduct contributions from your taxable income), but you must ...
If you were born in 1951, did you receive a required minimum distribution between January 1, 2023 and July 31, 2023? If you don’t want that RMD, you can undo it by redepositing the funds into the ...
The get-out-of-jail card that has allowed many IRA and plan beneficiaries to forego annual required minimum distributions (RMDs) is about to expire. In its 2022 proposed regulations, the IRS took the ...