Calculating your Required Minimum Distribution is a straightforward process once you have the information you need from the ...

Once you reach age 73, you're required to begin withdrawing funds from tax-deferred accounts like a 401 (k), 403 (b), and ...

If you miss your RMD deadline, you owe the IRS an excise tax of 50% of your RMD shortfall. For example, if your RMD for 2021 is $10,000 and you withdrew only $5,000 by the deadline, you will owe ...

RMDs, which are the minimum amounts that must be withdrawn from retirement accounts each year, will have changes coming in 2022 related to the numbers used in the calculations.

Did you misunderstand the CARES Act of 2020 and miss your 2021 RMD? Here's what happened and what you can do now.

But what if you forgot to take your RMD for 2021? What can you do now to correct the oversight? If you do nothing, you will be faced with a penalty of 50% of the amount you should have taken.

That is, your 2021 RMD would be based on the old life expectancy tables and the account's balance on Dec. 31, 2020. Your 2022 RMD would be based on the new tables and the balance at the end of 2021.

However, for the 2021 RMD that’s due by April 1, 2022, they will still use the old RMD table (generally the Uniform Lifetime Table).

Is an RMD required for 2023 for an inherited IRA from 2021? Some background: My wife's father passed away in 2021 at the age of 86 and his 2021 RMD was made prior to his passing.