3 New Required Minimum Distribution (RMD) Rules Retirees Need to Know About in 2024
The Motley Fool
MAY 11, 2024
One of the biggest advantages of saving for retirement in an account like an IRA or 401(k) is that you can defer your taxes. Instead of paying a big tax bill upfront, you can wait to pay taxes until you're in retirement. That can give you more money to invest today. But eventually, the government comes asking for its tax revenue. That's why it imposes required minimum distributions.
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