What Are the Required Minimum Distribution Percentages
Required minimum distributions, or RMDs, are mandatory minimum withdrawals that must be taken from certain tax-advantaged retirement savings accounts, including traditional IRAs, 401(k) plans, and 403(b) plans.
Failing to calculate the correct amount of money to withdraw from retirement accounts results in stiff penalties of up to 50%, so it's important for investors to thoroughly understand the RMD formula.
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Source: Fool.com
