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Tax Tip of the Week | No. 315 | Make the Most of RMDs
When a person reaches age 70.5, and they have an IRA account, they must start taking Required Minimum Distributions (RMD) annually.
2009 Required Minimum Distributions - Tax Tip of the Week
As you may or may not be aware, the requirement to take a Required Minimum Distribution (RMD) from an IRA or other qualified retirement plan was suspended for 2009.