To calculate your RMD, the IRS will use a formula that includes your total account balances, your age, your life expectancy, and your beneficiary life expectancies. The IRS then divides the total ...

If you have more than one retirement account, you must calculate your required monthly distributions for each one of them separately. According to the Internal Revenue Service, you can aggregate ...

When it comes to retirement planning, many Americans contribute to a traditional 401(k). But there’s another option available in most employer-sponsored retirement plans — and according to personal ...

Retiring early is a dream for many Americans, but can you really make it happen? And how much would you need to retire early?

Third, calculate your RMD with your life expectancy factor. Let’s say you’re 73 years old. You would have a Life Expectancy Factor of 26.5. If you have an account balance of $250,000 as of ...

Millions of Americans could be falling short of their retirement savings goals by not taking advantage of a powerful ...

Calculate your “retirement number” using the 4% rule as a starting point. This guideline suggests you can withdraw 4% of your ...

Learn how required minimum distributions (RMDs) affect your traditional IRA balance, how to calculate them and strategies to minimize tax impacts in retirement.