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All retirees 73 and older must take required minimum distributions (RMDs)-- mandatory annual withdrawals -- from certain retirement accounts by Dec. 31. There are exceptions for Roth accounts and ...
The government requires you to take RMDs from most tax-advantaged retirement accounts beginning in the year you turn 73. The rationale is simple: The government allows people to defer the taxes on ...
2. After-tax accounts don’t have RMDs. Since you make after-tax contributions to accounts like a Roth IRA and Roth 401(k), they’re not subject to RMDs. After 59.5, withdrawals of contributions ...
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That's why it imposes required minimum distributions, or RMDs, on retirement accounts. Anyone age 73 and older must withdraw a certain amount from their tax-deferred accounts by the end of each year.
Saving for retirement is only part of the process of ensuring financial security during your golden years. The other part is planning how and when to withdraw funds from your retirement savings...