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10 Things Boomers Must Know About RMDs From IRAs

Nobody was thinking about RMDs at Woodstock.

It's a watershed year for the baby boom generation. In 2016, the first of the boomers -- those born in the first half of 1946 -- will reach age 70 1/2. The present from Uncle Sam is a demand that they begin withdrawing funds from their traditional individual retirement accounts and employer-sponsored retirement plans, such as 401(k)s. (Many boomers were in their mid thirties when IRAs first became widely available.) If you're among those at the head of this parade, you need to know the ins and outs of required minimum distributions (RMDs). If your parents or grandparents are the ones moving into RMD-land, do them a favor and share this slide show with them.

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