Now that we have discussed the basics of Required Minimum Distributions (RMD) in The ABCs of RMDs. it’s important to see how you can get the most from your money. RMDs may be a mandate, but that does not mean there isn’t room for flexibility when it comes to tax planning.
Monthly Archives: October 2014
The key to Required Minimum Distributions (RMDs) is to know what they are and how they could affect you. Failing to act could result in significant penalties. Here are a few of the basics: Taxpayers are mandated to begin taking taxable withdrawals from their IRAs and 401(k)s in the year they turn age 70 ½. Taxpayers have until April 1 … Continued