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Taking a closer look at Required Minimum Distributions
We all agree retirement accounts such as IRAs and 401(k)s are important way for individuals to save money for their golden years on a tax-advantaged basis. However, there are rules that need to be followed and failing to do so can be costly. According to Fidelity Investments, a full 61 percent of traditional IRAs account holders were not taking their full required minimum distributions (RMDs) and may soon face a penalty. The attached article takes a closer look at RMDs and what you need to know about them. Read article here…
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