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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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