The penalty for missing a required minimum distribution (RMD) is one of the largest in the Tax Code. For years it was 50 percent of the amount that should have been taken but was not. That penalty was ...

According to IRA expert Ed Slott (www.irahelp.com ), the penalty protection for missed required minimum distributions (RMDs) may not be as good as it seems. The SECURE 2.0 Act, passed at the end of ...

When someone passes away after age 70 1/2, the family needs to check to see if the deceased took out the required minimum distributions for the year from his IRA (individual retirement account). If ...

With these numbers, it’s becoming increasingly important for advisers to guide clients in taking out RMDs from their retirement accounts. This ought to be one of the simplest processes in the US tax ...

If you have put your hard-earned money in an individual retirement account (IRA) or any retirement account, then you know that you can’t leave it there forever. So, if you are 73 or older in 2023, you ...

Investors older than 70 1/2 must withdraw an IRA required minimum distribution (RMD) from traditional/SEP/SIMPLE IRAs and 401(k)s by the applicable deadline--normally ...

The rules around required minimum distributions from retirement accounts are confusing, and it’s easy to slip up. Fortunately, if you do make a mistake, there are ...