Retirement accounts like the 401(k), 403(b), and traditional IRA are tax-deferred, meaning you get a tax break upfront (the ability to deduct contributions from your taxable income), but you must ...
Business Intelligence | From W.D. Strategies on MSN

5 tips for avoiding penalties on your first required minimum distribution

Retirement planning is full of twists and turns, yet few things cause as much confusion as required minimum distributions.
It pays to calculate RMDs (Required Minimum Distributions) as you approach retirement or if you are already retired. You'll avoid tax penalties and preserve more of your retirement savings. Besides ...
You don't have to take RMDs from Roth accounts. RMDs are based on your age and your account balance at the end of the previous year. The $23,760 Social Security bonus most retirees completely overlook ...
Required minimum distributions (RMDs) start in the year someone turns 73. The amount of your RMD depends on your age and account balance at the end of the previous year. Failing to take your RMD could ...
It pays to calculate RMDs (Required minimum distributions) as you approach retirement or if you are already retired. RMDs are the minimum annual withdrawals you must make each year from most ...