The Baby Boomers are booming into retirement and the major economic effects they have generated have already begun. As of July 1 of this year, retired baby boomers age 70.5 (born in the first 6 months of 1946) are subject to Required Minimum Distributions (RMDs). So what does this mean? Let’s start by explaining what an RMD is. The tax-deferred benefits of many retirement plans you may have become familiar with over the years (like traditional IRAs and 401(k)s) have a time li