Everything You Need to Know About Required 401(k) and IRA Withdrawals

If you are one of the millions of Americans with a retirement-savings account, three of the most important letters in your financial life might be these: RMD.  They stand for required minimum distribution, which is something that the nation’s baby boomers now need to grapple with for the first time. It refers to an annual payout that savers must take from their retirement kitty at a certain point, as required by law.

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