When you reach a certain age, you'll likely be required to withdraw a certain percentage of your savings from your retirement account each year. However, these required minimum distributions (RMDs) ...
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 ...
There are pros and cons to taking it early or late, so think through the decision for yourself. As you approach your 70s, you should start learning about and planning for your required minimum ...