RMD Basics

If you own or are the beneficiary of an IRA, 401(K) or other retirement plan, review this to avoid an RMD ( required minimum distribution) error. Failure to take at least the RMD amount each year results in a 50% penalty by the IRS ! Photo : https://www.flickr.com/photos/stevendepolo/5437288053 Source: www.irs.gov