There's plenty to like about retirement accounts like 401(k)s and traditional IRAs. Both types of accounts allow your ...

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As you approach retirement, it’s important to consider how required minimum distributions (RMDs) from your IRA or 401(k) ...

Once you reach a certain age, the government imposes required minimum distributions, or RMDs, on your accounts each year. You ...

That amount is divided by the account holder’s life expectancy factor – a number computed by the IRS – to produce the RMD amount. For example, the IRS life expectancy for a 74-year-old ...

Did you know that, in most cases, you must start taking required minimum distributions (RMDs) from your retirement accounts ...

The government offers retirement savers a significant tax advantage when they use certain retirement accounts. Traditional accounts allow many individuals to get deductions on contributions upfront, ...

The first factor is straightforward, but the LEF may be a new concept to some. The IRS provides LEFs for every age. Once you know your LEF, you can find your RMD by dividing your account value at ...

This table provides a life expectancy factor that corresponds to your ... If you miss your RMD deadline, the IRS can impose a penalty, which is an excise tax on the amount you should have withdrawn.

Two things ultimately determine how much your RMD is: your account value at the end of the previous year and your life expectancy factor (LEF). The IRS has a table with LEFs for every age ...