The April 1, 2025, deadline for required minimum distributions (RMDs) is fast approaching for retirees who turned 73 in 2024.

Some retirees have just one day remaining to complete the first required minimum distribution or face a significant fine.

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A little confusion over something that's seemingly simple can end up taking a costly toll when not handled properly.

Here's how the Internal Revenue Service itself defines RMDs: "Required minimum distributions (RMDs) are the minimum amounts ...

The U.S. Federal Reserve has a dual mandate. First, it's tasked with keeping inflation under control, which means ensuring ...

Though retirees are only required to take a certain portion of their retirement savings out as distributions each year, a ...

If you turned 73 in 2024, the deadline for your first required minimum distribution is April 1. Here’s what retirees need to ...

Based on the Uniform Lifetime Table, your life expectancy factor for the calculation is 26.5. Dividing $500,000 by this factor gives you an RMD of $18,868. It's also worth noting that if you have ...

Table III shows that the RMD for an individual who is 73 years old in 2024 is typically based on a distribution period of 26.5 years. The Dec. 31, 2023, balance should be divided by 26.5 to calculate ...