Your Required Minimum Distribution (RMD) Deadline Is Approaching -- Here's What Retirees Must Do Before Dec. 31

Missing this deadline could result in easily avoidable penalties.The end of the year usually brings many deadlines, especially those related to personal finances. One of the deadlines approaching is the required minimum distribution (RMD) that applies to people with tax-deferred retirement accounts like a 401(k) or traditional IRA.Beginning when you turn 73, RMDs are a way for the IRS to collect taxes on the back end after providing you with an upfront tax break that allowed you to lower your taxable income ...