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If you have a good retirement income, you may come to dread mandatory RMDs
IRS warns: “You cannot keep retirement funds in your account indefinitely.” Like it or not, the tax man wants his money from all the years you have been able to let your investment contributions grow taxed deferred in your IRA. But people reaching 701/2 must begin what’s called required minimum distribution or RMD or face a whopping 50 percent penalty on the amount not withdrawn as required. The attached article reviews why a Roth IRA may be better for you than 401(k). read article here…
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