Tips for RMD Season

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Tips for RMD Season

Required minimum distributions, or RMDs, are the taxable payouts that investors must take out of their traditional IRAs, 401(k) plans, 403(b)s, 457s, Simple IRAs and SEP IRAs after turning 70½. Retired households oftentimes have to tap into their retirement accounts for monthly income needs and have no issue meeting the minimum requirements.

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