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Bawld Guy

IRA Alert ? Excessive Contributions and RMDs

July 9, 2012

Everyone should be updated on the IRS' attempts to crack down on IRA account owners who are either over-funding their accounts (through excessive contributions) or not taking out RMDs. RMDs are Required Minimum Distributions and must be taken from IRA accounts by April 1 of the year following someone turning age 70. You might think [...]

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