Required minimum distributions are complicated. It’s easy to slip up and make a mistake when trying to understand the rules around required minimum distributions.
Luckily, if you do make a mistake, there are steps you can take to remedy the issue and avoid a harsh penalty. Continue Reading How to Fix a Required Minimum Distribution Mistake
The concept of the “half-birthday” is not something most of us think about after childhood. You do not find many adults saying, “I am 56 and a half.”
However, if you have a non-Roth individual retirement account (IRA) or 401(k), there is an age you’ll want to keep track of: 70 ½.
Continue Reading A Final Retirement Account Distribution Must Still Be Made After Death