After saving for retirement for years, when you turn 70 ½ years old, the Internal Revenue Service requires that people start taking their RMD (required minimum distribution) out of their retirement accounts which could be an IRA or 401(k). If you fail to take an RMD you may face a steep penalty. For the complete NYT article, follow our link. Read More. Of a Certain Age? You May Need to Withdraw Money From a Retirement Account By Ann Carrns | The New York Times You may be thinking about holiday gifts and New Year’s resolutions. But if you’re old enough Continue Reading