Navigating RMD Rules and Penalties for Retirement Account Holders
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Microsoft NewsMoney Talks News
Navigating RMD Rules and Penalties for Retirement Account Holders
Seniors with non-Roth retirement accounts must take required minimum distributions (RMDs) annually or face steep IRS penalties. The SECURE Act of 2019 has changed the rules for beneficiaries inheriting retirement accounts. Understand the new 10-year rule and how to manage RMDs to prevent costly penalties.
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