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RMDs: Rules, Penalties, Avoiding/Minimizing Taxes, and More
If you’re saving money in a 401(k) or traditional IRA for retirement, you’ll need to familiarize yourself with RMDs and associated rules.
How a QCD Can Help You Reduce Taxes
If dispersing money to charity and acting with tax efficiency in mind are two of your financial objectives, consider a QCD (qualified charitable distribution).
What is the Penalty for Not Taking RMDs?
Not taking an RMD before the deadline can hit you with a penalty—25% of the amount not withdrawn, so it’s important to read up on how to avoid such fees.
How to Calculate Required Minimum Distributions (RMDs)
Curious how RMDs are calculated? Hint: they aren’t always so straightforward.