Finance ❯ Retirement ❯ Retirement Accounts ❯ Required Minimum Distributions

Tax Implications

Missed RMDs Cost Retirees Up to $1.7 Billion a Year

Taking required withdrawals on time avoids a 25% penalty that can drop to 10% if you promptly correct a shortfall.

Vanguard Study Puts Missed RMD Penalties at Up to $1.7 Billion a Year

Retirees’ Year-End Must‑Do List: Take RMDs, Rebalance, Plan Next Year’s Cash Flow