Retirees are losing as much as $1.7 billion per year due to big mistakes with required minimum distributions.

Millions of retirees forget mandatory withdrawals, risking hefty IRS penalties on their retirement accounts. Money; Getty Images Once retirees turn 73, they must take required minimum distributions, ...

Some ways of keeping your net investing costs down are difficult to implement. This isn't one of them.

Acting quickly could minimize the pain.

You have until Dec. 31 to take your required distribution. Consider this your wake-up call. If you don't take your RMD, you're wasting money on tax penalties. One of the more obscure certainties in ...