The IRS will come knocking for its share of your tax-deferred retirement savings when you hit 73, but planning ahead for RMDs will ensure you're not caught off guard.

Annuities provide periodic payments for an agreed-upon period of time, either now or in the future, for the annuitant or beneficiary. You can annuitize the annuity by making monthly, semiannual, or ...

Inheriting an individual retirement account (IRA) comes with specific tax obligations that can feel overwhelming during an already difficult time. One of the most important requirements to understand ...

As investors reach the age of retirement after years of diligently investing, many wonder about the rules for retirement account distributions and how much should be withdrawn from these accounts.

Required minimum distributions (RMD) are mandatory withdrawals seniors must take from their retirement accounts starting at age 73. RMDs are not a set dollar amount. Rather they're a sliver of your ...

If you're turning 73 or older in 2025 and have money in tax-deferred retirement accounts, you're required to take minimum distributions (RMDs) from your savings. In this video, I'll walk you through ...

Receiving $30,000 in annuity income can reduce your RMD if the annuity is in a traditional retirement account. It’s important to consider your risk tolerance and long-term goals before committing to ...

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An annuity is an insurance contract you purchase to receive payments for a specific period, such as 30 years, or for the rest of your life. By applying a mathematical formula consisting of variables ...

As more and more seniors look for ways to lower their taxes in retirement, Qualified Longevity Annuity are stepping into the spotlight. Many seniors in the early phases of their retirement don’t need ...

The IRS uses required minimum distributions to ensure people take money out of their traditional retirement accounts as they get older. The agency has to collect tax revenue, but beyond that reason, ...