Holiday RMD Mistakes: Avoid Tax Penalties

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.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.