Don’t botch this year-end retirement move, or else you’ll face taxes
Marc Romanelli | Blend Images | Getty Images
Procrastination comes at a steep cost for older savers who want to hold off on taking mandated withdrawals from their retirement accounts.
If you turned 70½ this year or you’re older, you’re on the hook for a required minimum distribution out of your individual retirement account and each of your 401(k) plans.
This also means you can expect a tax bill…
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