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Required minimum distribution

• An amount that must be paid annually from a qualified plan or IRA to an individual who has reached age 70 to comply with IRS rules.

 
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 Qualified plan
 
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Helping Disabled or Elderly Relatives With Money Management, Even From Far Away: Millions of people serve as financial caregivers for ill or elderly spouses, parents, children or other loved ones. They perform services that include paying bills, handling deposits and investments, filing insurance claims and preparing taxes. Because this role can be costly and physically and emotionally exhausting, especially for a caregiver who lives far away or has the usual time-demands, FDIC Consumer News offers some suggestions. More...

To handle yourself, use your head; to handle others, use your heart. Donald Laird

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