If you are age 70-1/2 or older and have a traditional IRA, a 401(k), or a SEP IRA, the tax law requires you to take at least a minimum amount – referred to as the required minimum distribution (RMD) – from those accounts each year. The tax code does not allow taxpayers to keep funds …
70-1/2 Or Older? Avoid An IRS Penalty By Taking The Correct Retirement Plan DistributionRead More
