Dear Liz: I have $160,000 in a 403 (b) retirement plan and I’m 70. I know I have to start taking required minimum ...

Retirement planning is full of twists and turns, yet few things cause as much confusion as required minimum distributions.

Required minimum distributions, or RMDs, are the amounts that must be withdrawn each year from specific retirement plan accounts upon reaching the required minimum distribution age. These mandatory ...

But there's a big drawback to saving for retirement in a traditional IRA or 401 (k). These accounts force you to take ...

If you play your cards right, you can avoid an unwanted tax bill. When I first started working full-time and was able to make ...

Once you hit required minimum distributions age (73), how much control do you have over the timing, amount, and source of your distributions? Let’s examine each of the levers. Retirees exert some ...

At 73, you’ve reached a significant milestone, which is a result of a lifetime of hard work, planning, and perseverance. Congratulations! However, this particular birthday also comes with an essential ...

Many retirees favor tax-deferred accounts like traditional IRAs for their long-term growth potential. However, once Required Minimum Distributions (RMDs) begin, the IRS wants its share. Some retirees ...

Leaving RMD funds in your retirement account throughout the entire year allows more time for growth. Taking RMDs in December can simplify taxes by ensuring you only owe taxes on a single withdrawal, ...

Forbes contributors publish independent expert analyses and insights. Bob Carlson researches all facets of retirement finances. The early months of the year are important for taxpayers ages 70½ and ...

If you're on the fence about when to take your RMDs, July may be the sweet spot. July withdrawals can help you avoid the end-of-year rush. If you plan to take a withdrawal in July but the market is ...