This reminder raises an important question about the matter though: What happens if you don't complete your required minimum ...

Financial planner Dan Moisand tackles readers' questions about Roth conversions, from the whats to the whens and more.

Read on to be better prepared for retirement by understanding how RMDs relate to your retirement portfolio and how to follow RMD rules set by the IRS. The following section will explain what ...

Anyone with a 401(k), traditional IRA or similar tax-deferred retirement account eventually is going to face the requirement to start taking required minimum distributions (RMDs) from their accounts.

Most retirees have to start taking RMDs when they turn 73. The RMD requirement depends on your age and your account balance at the end of each year. Calculating your RMD is rather straightforward ...

If the answer to both of these questions is yes ... What happens if you don't complete your required minimum distribution by the time it's supposed to be done? Spoiler alert: The IRS gets involved.

Recently, I received a host of questions about Roth conversions ... Can a Roth conversion be counted as part or all of my required IRA RMD? A. No. Required Minimum Distributions (RMD) cannot ...

The IRS mandates that you withdraw a certain amount each year once you hit 73. This required minimum distribution (RMD) ensures the IRS gets its cut. If you have money in a retirement account and ...

Several major RMD rule changes went into effect over the last few years as a result of the SECURE Acts. Not knowing the new rules could leave you with a higher tax bill. Most of the new rules help ...

Unlike most personal finance questions, the answer to this one is short and simple: yes, waiting until April 1st to take your first RMD will affect the amount of your second year’s RMD.

Based on some capital gains for 2023 I want to not take an RMD in 2023. I've read that the IRS is waving the penalty for 2023 if I don't take one. I have two questions. First, can I skip taking ...

Ask the Hammer: Do I Have to Wait to Take My RMD Before I Can Do a Roth IRA Conversion? Jeffrey Levine, CPA/PFS, director of advanced planning, Buckingham Wealth Partners, discusses in this ...