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

It's smart to read up on important retirement topics as you inch closer ... If you want to calculate your RMD, you'll need to refer to an RMD table. Many good brokerages will calculate your ...

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

Required minimum distributions (RMDs ... As an example, check out the table for someone single with $250,000 in their retirement account as of the end of 2024: Data source: IRS.

As 2025 unfolds, retirees reaching 73 must heed a crucial financial deadline: the IRS mandates their first Required Minimum ...

Retirees who turned 73 in 2024 must take their first RMD from IRAs or 401(k)s by April 1, 2025—or face a steep IRS penalty.

For a 2024 required minimum distribution (due April 1, 2025), refer to the life expectancy tables in Appendix B of Publication 590‑B, Distributions from Individual Retirement Arrangements (IRAs).

The IRS is warning some seniors that depending on what type of retirement account you have, you’ll have to begin withdrawing ...

With a defined contribution plan, such as a 401(k), you are required ... you need to calculate your RMD using a Joint Life Expectancy Table. The calculation includes your age and your spouse ...

A withdrawal approach based solely on required minimum distributions (RMDs) not only fails to meet retirees’ annual income needs but can also leave money on the table at the end of their lives ...

The Required Minimum Distribution is one ... that is an extra $150,000 in retirement funds. Barbara O’Neill, author at Annuity.org, noted, “Updated tables could reduce forced withdrawals ...

or retirement plan administrator will give you a year-end tax form 5498, which tells you the amount you should use to determine your yearly RMD based on the IRS' RMD calculation table. Your broker ...