3 Huge RMD Mistakes You Might Regret in Retirement
They're avoidable if you know to look out for them.
Overview
If you have money in a traditional IRA or 401(k), required minimum distributions, or RMDs, are a reality you'll face once you turn 73 or 75, depending on your year of birth. But it's important to know how RMDs work and how to minimize the potential tax hit they can cause.
Some people cause themselves needless stress in retirement because they don't manage RMDs properly. You don't want to be one of them, so try your best to avoid these RMD mistakes.
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Source
Originally published at www.fool.com.
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