Social Security Report

The clock is ticking for your Required Minimum Distribution (RMD)

If you’re 70 1/2 years old or more, you only have a few more days to make sure you have taken enough of your Required Minimum Distribution (RMD) on your tax-deferred retirement accounts (401(k), IRA, etc.).  If you don’t take enough, you could be faced with an IRS penalty of up to 50% of the shortfall.  This article by Kelli B. Grant appears at cnbc.com and explains how to avoid getting hit with an IRS penalty on your retirement funds.  Click here to read more.

Notice: The  link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or socialsecurityreport.org.