[Music] As you invest over the course of your career, you will hopefully build enough wealth to support yourself in retirement. That is the goal. But as you get older, you will eventually get to the point where you need to take requirement and required minimum distributions.That means you must withdraw a certain amount from your retirement plans with tax deferred contributions. That includes your IRA, your 401k, and 403b. You must take your first RMD by April 1st.the year after you turn 73, you will then be ...

All eyes are on the Fed, waiting to see when they will cut rates. We take a look at what a lower fed funds rate means for your debt and money. Saving for retirement and building wealth is an important goal, but knowing how to use tax-advantaged accounts like Roth IRAs, 401(k)s, IRAs, and HSAs can make a big difference in reaching your financial goals. Many retirees will have to take required minimum distributions, also known as RMDs, once they reach a certain age. We explain what RMDs are and how to avoid p ...