What You Need to Know About Required Minimum Distributions (RMDs)
If you have a tax-advantaged retirement account, such as an IRA or 401(k), you know the importance of saving for retirement. It’s wonderful to have a nest egg out there, ready to draw on if needed, right? But your Uncle Sam gave you a tax break when you contributed that money, and eventually he wants his cut. That’s when “required minimum distributions” (RMDs) come into play.
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