Business Intelligence | From W.D. Strategies on MSN

5 tips for avoiding penalties on your first required minimum distribution

Retirement planning is full of twists and turns, yet few things cause as much confusion as required minimum distributions.
Missing required minimum distributions can lead to large tax penalties.
But keep in mind that you can't keep all that money in there forever. The IRS requires you to begin withdrawing money from ...
Saving money for retirement is only part of ensuring a financially secure future. The other half involves making smart decisions about withdrawing that cash. "It's having a plan for how and when to ...
The tax savings opportunities for IRA plans and 401K plans are well known. Not only does the taxpayer receive a deduction for the retirement contribution from their taxable income, but the retirement ...
Required minimum distributions (RMDs) on pre-tax retirement accounts start at age 73 for account holders born between 1951 ...
A retirement plan distribution occurs when you withdraw money from the plan. There are several different types of distributions, including early distributions, rollover distributions and Required ...
Creating a retirement income distribution plan involves managing your savings and investments to generate a steady stream of income throughout your retirement. Making a retirement income distribution ...
But keep in mind that you can't keep all that money in there forever. The IRS requires you to begin withdrawing money from ...