I’m in my first year of required minimum distributions of $36,000, which is causing me to be taxed on my $33,000 in Social Security benefits. What is a good strategy to reduce my RMDs below $25,000 so ...

Missed RMDs are subject to a penalty of up to 25%, but it's possible to reduce or eliminate the fee, experts say. A key ...

Saving money for retirement in a 401(k) or IRA comes with some big tax advantages. Any money you contribute to the account is tax deductible. On top of that, you won't pay any taxes on gains or ...

Forbes contributors publish independent expert analyses and insights. Bob Carlson researches all facets of retirement finances. Required minimum distributions from IRAs and 401(k)s can become a major ...

Elysse Bell is a finance and business writer for Investopedia. She writes about small business, personal finance, technology, and more. Suzanne is a content marketer, writer, and fact-checker. She ...

Once you reach the age of 73, you’re legally required to take your Required Minimum Distributions (RMDs), ensuring the government can collect taxes on your money. If you’re already above 73, or are ...

Traditional tax-deferred account types is where the RMD will apply. The notable exception is anything with a Roth tag applied to it. The age for RMDs had been stuck at 70 and a half for many years. It ...

Most people take RMDs toward the end of the year, which is probably better if you’re doing other things like qualified charitable distributions. First-time RMD takers can delay until April 1, but they ...