Make sure you make your RMDs!
November 15, 2012
Reminder: Required minimum distributions (RMDs) must be taken by December 31. RMDs are mandatory withdrawals from certain retirement accounts, generally after you reach age 70½. You must take a withdrawal by December 31 if the rules apply to you — and there’s a hefty penalty for procrastinating. Missing the deadline could cost you 50% of the amount you were required...