Don't skip calculating your Required Minimum Distributions (RMDs) as retirement nears or once you're already retired. You'll avoid hefty tax penalties and keep more of your hard-earned savings intact.

As investors reach the age of retirement after years of diligently investing, many wonder about the rules for retirement account distributions and how much should be withdrawn from these accounts.

Use SmartAsset's RMD calculator to see what your required minimum distributions look like now and in the future. Enter your retirement account balance at the end of the previous year, your age and the ...

Retirees with tax-deferred investment accounts must make annual withdrawals, called required minimum distributions (RMDs), beginning at age 73. RMDs are calculated by dividing the retirement account ...