When it comes to retirement accounts we can't forget RMD's (Required Minimum Distributions). Forgetting can cause you a great deal in penalties. Thankfully, you don't have to think about this until you have reached the age of 70 1/2. Still, for those who have to calculate the amount every year it can be quite annoying but it's really not an option. When I show people on paper what the penalty would be if they conveniently forget, or if their advisor doesn't help them they realize how important it is to comply with all the rules.
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