Skip the Penalty: 3 Smart Ways to Reduce or Eliminate RMDs Without Getting Burned
No matter how you feel about required minimum distributions, they are mandatory.
Overview
Required minimum distributions (RMDs) are the minimum amounts of money you must withdraw from your retirement accounts annually. Generally, you must start taking withdrawals from the following account types at age 73:
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If you're someone who worries about outliving your savings, you may be interested in ways you can avoid RMDs without that penalty. Here are three options worth considering.
Details
Source
Originally published at www.fool.com.
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