required minimum distributions (RMDs)
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Tax Changes and Key Amounts for the 2022 Tax Year
tax law Americans are facing a long list of tax changes for the 2022 tax year. Smart taxpayers will start planning for them now.
2 Essential Strategies for Taking Your RMDs
Financial Planning Whether you need to take required minimum distributions to live or find them to be a nuisance, here are some tips to make the most of withdrawing these funds.
By Catherine Siskos • Last updated
12 Questions Retirees Often Get Wrong About Taxes in Retirement
retirement You worked hard to build your retirement nest egg. But do you know how to minimize taxes on your savings?
By the editors of Kiplinger's Personal Finance • Last updated
The Basics of Required Minimum Distributions: 12 Things You Must Know About RMDs
Financial Planning Retirement savers who are 72 must start withdrawing funds from tax-advantaged retirement accounts. Here’s what you need to know about required minimum distributions and how to minimize your tax bill.
By Jackie Stewart • Last updated
Tax Tip: Reporting a 2020 RMD From an IRA That You Later Returned
Coronavirus and Your Money If you paid back a "required minimum distribution" from an IRA last year, you still have to report the payout on your 2020 tax return.
By Joy Taylor • Published
A Retiree’s Guide to Key Dates in 2021
Basics It's critical -- and financially sound -- to hit these important financial deadlines spaced throughout the year.
By Catherine Siskos • Published
Smaller IRA Withdrawals Coming Up
Coronavirus and Your Money Starting in 2022, the amount you’ll be required to withdraw from your retirement accounts after age 72 will decline modestly—which means your tax bill will be smaller, too.
By Sandra Block • Last updated
Deadline for Returning RMDs to Retirement Accounts is Approaching Fast
Coronavirus and Your Money Retirees who took a required minimum distribution earlier this year need to act quickly if they want to avoid taxes on the money they withdrew.
By Rocky Mengle • Published
Retirees Get Another Break with Expansion of RMD Waiver
Making Your Money Last The CARES Act cancelled "required minimum distributions" for 2020...and the IRS just expanded that relief to help more seniors and give more time to undo previous withdrawals.
By Rocky Mengle • Last updated
Stay on Top of RMD Rule Changes for 2020
required minimum distributions (RMDs) Between the SECURE Act and the CARES Act, the landscape has changed for RMDs this year. You don’t need to take one, for instance. And if you already have, you can probably undo it.
By Roger A. Young, CFP® • Last updated