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Don’t forget your Required Minimum Distribution

If you’ve arrived at the ripe young age of 70 1/2 this year, it’s the time you’ll probably have to start tapping into your retirement nest egg.  This is the age that the IRS says we must start withdrawing a minimum amount from our tax-deferred retirement accounts, and not doing so could mean a penalty of as much as 50%.  This article by Natalia Wojcik appears at cnbc.com and explains the withdrawal requirements and the various nuances you should be aware of.  Click here to read more. 

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