IRS

thumbnail IRS Rule: Required IRA Minimum Distributions (RMDs) when you turn 70 ½

Whether you begin your retirement at or before 65 or wait until you’re 68, you only have a few years before you are obligated to take money out of your accumulated retirement accounts.  Failing to do so results in a hefty of 50% of the amount not withdrawn. The RMA applies to all tax-deferred retirement accounts (IRA, 401k, 403b, 457b, SEP, etc..)

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