WINDOM AREA FOUNDATION RETIREES: Here's a local option for your RMD What you need to know: Individuals with Traditional IRAs are often required to make a "Required Minimum Distribution" (RMDs) An RMD is a specific amount of money you must withdraw from a tax-deferred account each year after reaching a certain age. The RMD may go to an eligible charity to reduce the taxes that you pay. The deadline for RMDs is Dec. 31. Missing the deadline could bring a 25% penalty. Ask your adviser about this IDEAL RMD OPTION: Windom Area Foundation a qualified 501c3 organization WAF has supported The Lions Pavilion at Cottonwood Lake, Windom Veteran's Memorial Park and a host of other projects. For full WAF details, visit: www.windomareafoundation.com f WINDOM AREA FOUNDATION RETIREES : Here's a local option for your RMD What you need to know : Individuals with Traditional IRAs are often required to make a " Required Minimum Distribution " ( RMDs ) An RMD is a specific amount of money you must withdraw from a tax - deferred account each year after reaching a certain age . The RMD may go to an eligible charity to reduce the taxes that you pay . The deadline for RMDs is Dec. 31. Missing the deadline could bring a 25 % penalty . Ask your adviser about this IDEAL RMD OPTION : Windom Area Foundation a qualified 501c3 organization WAF has supported The Lions Pavilion at Cottonwood Lake , Windom Veteran's Memorial Park and a host of other projects . For full WAF details , visit : www.windomareafoundation.com f