It doesn't take much effort, and the savings could be substantial.

If you don't take either RMD on time, you risk a 25% penalty on whatever funds you don't remove from your retirement account.

You can't escape income taxes, but retirement savers do have some choice as to when and how you pay them.

Should you double up on RMDs in your first year?

April Fool's Day is an important RMD deadline for some older adults and retirees.

Missing or miscalculating your RMD can lead to a 25% IRS penalty. Learn the most common errors and the steps to correct them, ...

Converting 401(k) savings to a Roth IRA can free you from having to take mandatory withdrawals at age 73 and beyond. Because ...

Be careful -- any of these could happen to you.

It is important to have a good grasp of required minimum distribution (RMD) rules and the tax implications that come with them. That can help you manage your tax planning effectively in retirement. To ...

Generally, RMDs must be withdrawn by the end of the year. Your first distribution, however, can be delayed until April 1 of the following year. If you turned 73 on Oct. 1, 2026, for example, you have ...

Forbes contributors publish independent expert analyses and insights. Empowering smarter money moves. Have you considered using a QCD vs RMD for charitable giving, reducing your tax burden and ...