Anyone with a tax-deferred retirement account must understand required minimum distributions (RMDs).

If you act quickly, you can salvage the situation.

The number depends on a handful of factors, the most important of which is your age.

You've diligently saved for retirement, watched your nest egg grow, and maybe even celebrated reaching the million-dollar ...

In general, anyone with a tax-deferred retirement account must take withdrawals called required minimum distributions (RMDs) beginning at age 73. RMDs are calculated by dividing the retirement account ...

Once you reach a certain age in retirement, you are typically required to begin withdrawals from your tax-deferred retirement accounts. These withdrawals are known as Required Minimum Distributions, ...

There are rules you have to follow to get out of paying taxes.

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 ...