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Understanding RMDs and Related Tax Consequences
As retirees plan for the “distribution phase” of their retirement financial plan, it’s important to clearly understand the nuances of required minimum distributions (RMDs). They’ve changed, as have several of the related rules, especially with respect to when RMDs are required and the handling of inherited accounts. An article by Zacks Equity Research, posted on finance.yahoo.com, provides a recap. Check it out here…
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