When you are preparing for retirement, there are a ton of important decisions you must make. For many people, it’s overwhelming to make all of these choices. That’s where basic rules of thumb come in.

There are at least two things that go into calculating your RMD: Your account balance(s) at the end of the previous year The age you'll reach this year The IRS publishes a table of life expectancy ...

Once you reach a certain age, the government imposes required minimum distributions, or RMDs, on your accounts each year. You'll have to pay income taxes on the amount you withdraw. Those with ...

You can use the single life-expectancy tables on IRS Form 590-B to calculate your RMD. Take the example of ... which would be 45.7 years in 2021. Subtract one from that number for every ...

The government offers retirement savers a significant tax advantage when they use certain retirement accounts. Traditional ...