Tuesday, February 7, 2012
Horseshoe Bay Beacon :
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You may not have the pictures, suntan or souvenirs to show for it, but if you’re at least 70-1/2, you’ve just finished a “vacation.” And that means you’ll have to do some work — on determining how much to take out of your retirement plans this year. Typically, when you reach 70-1/2, you must start taking withdrawals (“required minimum distributions,” or RMDs) from your traditional IRA or your employer-sponsored retirement plan, such as a ...
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