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Required Minimum Distribution Mistakes to Avoid

June 14, 2019 by · Leave a Comment 

Traditional retirement accounts are tax-deferred, not tax-free. As baby boomers turn 70, they must soon begin mandated withdrawals and pay the taxes on the money they tucked into retirement accounts over several decades. A required minimum distribution is the amount retirement account owners must withdraw from their IRAs and 401(k)s each year.

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Required Minimum Distribution Mistakes to Avoid