Required Minimum Distributions 101 Understanding mandatory retirement account withdrawals. Provided by Marc Aarons If you are approaching your seventies, get ready for required minimum distributions. You may soon have to take RMDs, as they are called, from one or more of your retirement accounts. You can now take some RMDs a bit later in life, […]

Are you aware of them?  Provided by Marc Aarons at Money Managers, Inc. The federal government offers some major tax breaks for older Americans. Some of these perks deserve more publicity than they receive. If you are 65 or older, your standard deduction is $1,300 larger. Make that $1,600 if you are unmarried. Thanks to […]