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Community: Investing Wiki

Term Of The Hour

RMD beneficiary payments: Original post by Joe Andrews of Demand Media Often abbreviated as RMD, a required minimum distribution is a mandatory IRA disbursement that must be taken from an IRA annually after the owner reaches 70-1/2. If complications prohibit plan representatives from distributing inheritance money, any RMD currently due may still be paid from the IRA. Legally the beneficiary inherits an IRA the moment the…

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