Here's some current financial news from The Wall Street Journal's "The Aggregator"
Dec. 31 is just around the corner, yet many owners of individual retirement accounts who are 70 1/2 or older haven't begun to take their annual required distributions, according to Fidelity Investments.
In general, the withdrawals must be made by year-end, with one exception: IRA owners who turn 70 1/2 in one year generally have until April 1 of the following year to take the required payout.
If investors don't make their full withdrawal by the deadline, the amount not withdrawn may be subject to a 50% penalty.
Laura Saunders, Total Return Blog, WSJ.com
Expect Early Dividends
Faced with a possible tax increase on dividends next year, company boards are approving bigger payouts and cutting checks faster to avoid 2013 rates.
The moves would send hundreds of millions of dollars back to shareholders before tax incrases that could kick in next year either automatically or as a result of negotiations between the White House and Congress.
The Wall Street Journal, more information at WSJ.com