Using this calculator, which illustrates the difference between an individual’s “old” and “new” RMD amounts, we can see that by using the new Uniform Lifetime Table (the table used by most owners to ...

As you can see above, the IRS changed the RMD tables to reflect changes in life expectancy since the last modifications a decade ago. The net result was to add close to two years to life expectancies ...

If you turned 72 in 2022, are you eligible for the SECURE 2.0 age change to age 73 for your first RMD? Readers are already asking questions about how SECURE 2.0, the new act that was signed into law ...

A required minimum distribution is money that must be taken out of a retirement savings plan. More specifically, RMDs are the minimum amounts that must come out of given retirement plan accounts each ...

The purpose of any such updates would be to increase the effectiveness of tax-favored retirement programs by allowing retirees to retain sufficient retirement savings in these programs for their later ...

Thanks to the SECURE 2.0 Act of 2022, your annuity payments may count toward your required minimum distribution (RMD), depending on the type of annuity you have and the money you used to purchase it.

In general, anyone with a tax-deferred retirement account must take withdrawals called required minimum distributions (RMDs) ...

There have been many changes recently in the tax laws that affect retirement accounts and their associated required minimum distributions (RMDs). Specifically, the CARES Act enacted last spring waived ...