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I was surprised recently to see an online RMD calculator from a respected source say no RMD was required in the year one turned 70 1/2. I suspected this was due to pushing the first RMD into the next year. However, they made no mention of the fact this would mean taking two RMDs that year and for most people creating an unfavorable tax situaton.

The moral: Beware any information, no matter the source, unless you have personally verified its accuracy. While I would generally trust info from the big companies like Schwab, Fidelity or Vanguard, I'd ask questions too.
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