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
April 1st is coming… April 1st is coming…
That’s April 1st the deadline! DEADLINE: April 1st If you are an IRA owner and turned 70 1/2 in 2015, you have until April 1st, your required beginning date, to take your first required minimum distribution if you did not take it last year. Keep in mind that you still have to take y our […]
