Holiday RMD Mistakes: Avoid Tax Penalties
Update: 2025-12-28
Description
Holiday season often overlooks crucial retirement task: Required Minimum Distributions (RMDs). Vanguard report shows 7% of clients didnt take RMDs, 24% took too little, facing potential tax penalties. Smaller accounts most affected, with 55% of those who miss once failing again the next year. IRA providers offer free automatic RMD services, consolidating accounts can help track and avoid oversights. Double-check your retirement rules to avoid penalties and keep your nest egg on track.
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