Q. Dan, I’m 75 and still working so I have not had to take required minimum distributions (RMD) from my 401(k) at work. However, I think it’s time to step away. I know when I retire, I will be subject ...

Anyone facing required minimum withdrawals from retirement accounts should note there's been a change to calculating those amounts. Starting this year, new IRS life expectancy tables — which are used ...

Choosing the best mix of accounts to house your retirement funds can be challenging. You have individual retirement accounts, such as Roth and traditional IRAs, and employer-sponsored retirement plans ...

You spent 30 years building a $3 million 401(k), but, at 73, the IRS will start dismantling it on its schedule. The forced ...

Missing or miscalculating your RMD can lead to a 25% IRS penalty. Learn the most common errors and the steps to correct them, ...

If you are 73 or older, you’re required to start taking withdrawals from tax-deferred retirement accounts. The formula for calculating your RMD is rather straightforward. The amount you need to ...

Tax-deferred accounts such as traditional IRAs and 401(k) plans allow workers to delay taxes on qualified distributions, provided they meet income-based eligibility requirements. But the government ...

Unlike most personal finance questions, the answer to this one is short and simple: yes, waiting until April 1st to take your ...

A married couple, both 73, holds a traditional 401(k) that has grown to $1.5 million. They collect Social Security. Their tax ...

In 2026, required minimum distributions (RMDs) will begin for anyone who turns 73. RMDs are a way for the IRS to receive taxes after granting an up-front tax break. The initial penalty for missed RMDs ...

Anyone facing required minimum withdrawals from retirement accounts should note there's been a change to calculating those amounts. Stream NBC 5 for free, 24/7, wherever you are. WATCH HERE Starting ...