Practical Money Matters
Visa's Jason Alderman delivers expert personal finance tips weekly to consumers of all ages in his Practical Money Matters Series, featured nationwide in 500 U.S. newspapers, a Huffington Post blog, and on the radio. View Jason Alderman's bio.
Over 70 ½? Don't Forget Mandatory IRA Withdrawals
With final holiday preparations looming, the last thing anyone wants to think about is next April's tax bill. But if you're over 70 ½ and have any tax-deferred retirement accounts (like an IRA), put down the wrapping paper and listen up: IRS rules say that, with few exceptions, you must take required minimum distributions (RMDs) from your accounts by December 31 of each year – and pay taxes on them – or face severe financial penalties.
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