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Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
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How to Pay a Tax Penalty if Your Father Does Not Take Required Minimum Distribution
My father's retired and has about $20,000 in an IRA. He does not have a 401k. So he will turn 73 next year. What happens if he does not take RMD? What is the penalty? And how will he pay that penalty? Will he have to send a check to the IRS?
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