But keep in mind that you can't keep all that money in there forever. The IRS requires you to begin withdrawing money from these accounts -- and pay taxes on those withdrawals -- once you turn 73.

The IRS alerts thousands of individuals that tomorrow marks the deadline for a crucial retirement procedure: the Required ...

One of the biggest benefits of saving in traditional retirement accounts like a 401(k) or IRA is the upfront tax break you receive. You won't owe any income taxes on contributions in the year you make ...

Although you can't avoid taxes without giving up something else, you can minimize and postpone your tax burden. You’ll also still want to maximize your returns and minimize your risk, no matter what ...

One of the biggest advantages of investing in retirement accounts is the tax advantages. Contributions to an IRA or 401(k) are tax-deductible the year you make them. On top of that, any dividends or ...

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years of diligently investing, many wonder about the rules for retirement account distributions and how much should be withdrawn from these accounts.

In general, anyone with a tax-deferred retirement account must take withdrawals called required minimum distributions (RMDs) beginning at age 73. RMDs are calculated by dividing the retirement account ...

Use SmartAsset's RMD calculator to see what your required minimum distributions look like now and in the future. Enter your retirement account balance at the end of the previous year, your age and the ...

Agency: "Internal Revenue Service (IRS), Treasury." SUMMARY: This document sets forth final regulations providing guidance relating to the life expectancy and distribution period tables that are used ...

Forbes contributors publish independent expert analyses and insights. Empowering smarter money moves. Have you considered using a QCD vs RMD for charitable giving, reducing your tax burden and ...

Most retirees have to start taking RMDs when they turn 73. The RMD requirement depends on your age and your account balance at the end of each year. Calculating your RMD is rather straightforward in ...