10 Costly RMD Mistakes Retirees Make

[VIEW IN BROWSER]( [Kiplinger Special Report]( BUILDING WEALTH [10 RMD Mistakes to Avoid]( [10 RMD Mistakes to Avoid]( It's easy to make mistakes when figuring out the timing of required minimum distributions, how much to withdraw and which accounts to tap. The stakes are high. If you miss the deadline, you could get hit with a penalty worth up to 50% of the amount you should have withdrawn. Here are [10 common RMD mistakes]( and how to avoid them. And if you're not sure when your first RMD is due, just [input your birthday here]( to find out. [READ MORE]( [Back to School: What to Know about 529 Savings Plans]( Do you know how much you're able to contribute or what the funds could be used to pay for? How about how contributing affects your taxes? Michael Aloi of Summit Financial Resources shares the nitty-gritty details of this formidable college savings tool. [READ MORE]( SPONSORED CONTENT FROM OOMA [Small Business Owners, Save Hundreds on Your Phone System]( [Small Business Owners, Save Hundreds on Your Phone System]( Find out how you can upgrade your business phone system to Ooma Office to get more features, better call quality, all for a lower price than you're paying now. [READ MORE]( [How to Keep Your Child from Catching 'Affluenza']( Kids from wealthy families aren't immune to behavioral problems. In fact, in some ways they may be more at risk. Here's a disturbing cautionary tale for parents from Timothy Barrett of Argent Trust Company. [READ MORE]( [Why Live Alone in Retirement? Form a Pod Instead]( [Why Live Alone in Retirement? Form a Pod Instead]( Sharing expenses can be extremely helpful, but that's not the only reason to add some "peas to your pod," says Neale Godfrey of the Children's Financial Network. Sharing friendships, skills and talents can be just as valuable. [READ MORE]( [Could Your Cash Savings Hurt You?]( For Millennials and Gen-Xers, having too much in cash may be a good problem ... but it's a problem nevertheless. Eric Roberge of Beyond Your Hammock outlines how much you should have on hand and some ideas for what you may want to do with the rest. [READ MORE]( ALSO ON KIPLINGER [How I 'Found' $300,000 for an Elderly Relative]( [Avoiding the Storms in Your Retirement Portfolio]( [Help Defuse Your 'Tax Time Bomb' Using New Tax Rates]( [Kiplinger] [Facebook]( [Twitter]( [Link In]( [Google+]( [Tumbler]( All content ©2018 The Kiplinger Washington Editors 1100 13th Street, NW, Suite 750 Washington, D.C. 20005 You are receiving this special report as a subscriber to Kiplinger Today's free email alerts. [Click here to unsubscribe.](