At Age 73, The IRS Starts A Secret Clock — It Costs Couples $40,000
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YouTubeThe 65 Files
At Age 73, The IRS Starts A Secret Clock — It Costs Couples $40,000
At age 73, the IRS starts a secret clock — and they're not required to tell you. It's called the Required Minimum Distribution. Your 401(k) grew tax-deferred for forty years. Now Uncle Sam wants his cut. Miss the deadline by one day, and the IRS keeps 25% of what you forgot to withdraw. The average couple loses $40,000 in unnecessary taxes ...
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A 15-year-old was critically injured in a shooting in Northeast Philadelphia's Mayfair neighborhood Wednesday, police said. Video obtained by CBS News Philadelphia shows a mother and her kids running for cover when multiple gunshots erupt on Nesper Street. Neighbors said they hope the 15-year-old is OK and hope they find who is responsible for the shooting. Click the link in our bio for the full story.
1:08
A 15-year-old was critically injured in a shooting in Northeast Philadelphia's Mayfair neighborhood Wednesday, police said. Video obtained by CBS News Philadelphia shows a mother and her kids running for cover when multiple gunshots erupt on Nesper Street. Neighbors said they hope the 15-year-old is OK and hope they find who is responsible for the shooting. Click the link in our bio for the full story.
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