The ABCs of RMDs

26/06/2019 43 min
The ABCs of RMDs

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Episode Synopsis


When you turn 70, Required Minimum Distributions kick in. The IRS forces you to withdraw money from your IRA, 401-K, SEP and other retirement accounts. This doesn’t seem like a big deal on the surface, but it triggers more problems than most people realize. You could get clobbered by a 50% tax penalty.