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Tag Archives: equired Minimum Distributions (RMDs)

What You Need to Know About Required Minimum Distributions

Provided by Whitlock Wealth Management Age 70-1/2 represents an important milestone for your retirement savings. Once you reach this age, you will need to begin withdrawing money from your retirement accounts. The Internal Revenue Service (IRS) requires you to take these mandatory annual withdrawals, which are formally known as Required Minimum Distributions (RMDs). RMDs apply to assets held in individual …

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