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A recent survey from Charles Schwab revealed that 70% of Americans don’t know what required minimum distributions are. The better-informed retirement savers do know, but that doesn’t mean they’re not going to make mistakes somewhere, if not with RMDs, with IRAs.

The likelihood of mistakes being made is greater because of the legislation embedded in the Further Consolidated Appropriations Act, which was passed in late December. That legislation is, of course, the SECURE Act – a “hodge-podge” of regulations, as one legal practice tactfully put it.

C.J. Marwitz

C.J. Marwitz is the editor for the retirement industry audience and a digital managing editor at BenefitsPRO. She is currently considering pitches for unpublished contributed content related to the employer-sponsored retirement plan arena. A former technology editor, advertising copywriter, and academic advisor, Marwitz is the mother of three and walker/stick-thrower/treat-giver to an orange-and-white Welsh Corgi named Leeloo Dallas Multipass.

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