A little confusion over something that's seemingly simple can end up taking a costly toll when not handled properly.

The Internal Revenue Service (IRS) provides various tables to help ... The increase in the RMD age to 73 is just one example of how retirement strategies must adapt to new laws.

December 31 is the annual cutoff date for required minimum distributions (RMDs ... as determined by IRS tables. Failing to withdraw the required amount by the deadline can result in a penalty ...