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