401K

RMDs: Who? What? When? Where? Why? (and How!)

If you have a retirement account, and you’re about to turn 70 ½, you don’t want to miss your Required Minimum Distributions (RMDs) – because it will cost you… a lot! As in a 50% tax penalty! This article reviews the very important who, what, when, where, and why of RMDs, and gives a few ideas on how to reinvest the distributions.