3 Things to Know About RMDs Before You're Forced to Take Them
It's important to have the right information before those mandatory withdrawals begin.
Overview
If you have retirement savings in a traditional IRA or 401(k) plan, you'll have to start taking required minimum distributions (RMDs) once you turn 73 or 75, depending on the year you were born. And those forced withdrawals could be a hassle if you aren't prepared for them.
The good news is that that right strategies could help minimize the sting of RMDs and help you avoid penalties. Here are three key things to know about RMDs before they start.
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Originally published at www.fool.com.
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