1. Retirees Should Know These 3 Facts About Required Minimum Distributions - December 23, 2019

    Retirees Should Know These 3 Facts About Required Minimum Distributions - December 23, 2019

    If you do not make a required minimum distribution (RMD) from your own or an inherited IRA by the specified deadline, the IRS could hit you with a big penalty - 50%! For example, if you were required to withdraw a minimum of $4,000 and you did not, you would be obliged to pay $2,000. Like the majority of investors, you're most likely working on a retirement portfolio that will provide a large enough nest egg to give you a comfortable retirement.

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