Liz Weston: Confusion over retirement fund minimum distributions can cause costly mistakes
Dear Liz: When my wife turned 59.5, we implemented required minimum distributions on all of her retirement funds. During the trial, the investment company representative explained that she was not required to take RMDs on these accounts as long as she was still working and making contributions to her 401(k) and 403(b) at work. With … [Read more…]