Generally speaking, individuals with tax-deferred retirement accounts must take withdrawals called required minimum distributions (RMDs) beginning at age 73. RMDs are determined by dividing the ...

At a certain age, tax-deferred retirement account holders must start taking required minimum distributions (RMDs), meaning they must withdraw a percentage of their account each year or face penalties.

Single taxpayers covered by a workplace retirement plan: $91,000 Married taxpayers filing jointly (you have a workplace retirement plan): $149,00 Married taxpayers filing jointly (only your spouse has ...