Required Minimum Distributions (RMDs) Explained: When They Start, How They Work, and How to Plan
Once you hit a certain age, the IRS expects you to start pulling money out of most retirement accounts. These withdrawals are called Required Minimum Distributions, or RMDs. At age 73, you have to begin taking required minimum distributions from your IRA, 401(k), and most other tax-deferred retirement accounts every year. The rules can feel […]