Thanks to the SECURE 2.0 Act of 2022, your annuity payments may count toward your required minimum distribution (RMD), depending on the type of annuity you have and the money you used to purchase it.

RMDs may sound complex, but the rules are really quite straightforward. Here's how to know for sure if you're supposed to ...

If you have more than one retirement account, you must calculate your required monthly distributions for each one of them separately. According to the Internal Revenue Service, you can aggregate your ...

This article discusses what RMDs are, how they work, what accounts have them, when you need to take them, how to calculate ...

The math is easier than you think. With the holiday season just weeks away, you probably want to focus your attention on parties, gifts, and maybe some upcoming vacations. But if you're 73 or older ...

A required minimum distribution (RMD) is the minimum amount of money you must withdraw from your retirement plans annually after reaching a certain age, depending on your birth year. Mind Your Money ...

It pays to calculate RMDs (Required minimum distributions) as you approach retirement or if you are already retired. RMDs are the minimum annual withdrawals you must make each year from most ...

Failure to make your full RMD withdrawal can result in a 25% penalty tax. Missing a withdrawal due date is an easy way to be hit with a bigger tax bill. Making a qualified charitable distribution can ...

This article discusses what your RMDs might be if you have $500,000 tucked away in your retirement accounts. I'll also ...

Inheriting an IRA or 401(k) can add to your wealth but it can also bring some potential tax headaches. One tricky issue involves required minimum distributions or RMDs. IRA and 401(k) plan owners are ...