This year-end mistake costs investors up to $1.7 billion annually — how to minimize the penalty

Missed RMDs are subject to a penalty of up to 25%, but it's possible to reduce or eliminate the fee, experts say. A key ...

Don’t make this year-end retirement mistake — Vanguard says it’s draining savings fast

As the year draws to a close, retirees must remember to take their required minimum distributions (RMDs) from retirement ...
Money on MSN

Many retirees forget RMDs, owe big IRS penalties

Once retirees turn 73, they must take required minimum distributions, or RMDs, from their retirement savings accounts. If ...

Many retirees aren't taking required distributions. It can cost them.

As many as 7% of retirees aren't taking required withdrawals from their accounts, a mistake that can be costly. Luckily, ...

Many Retirees Are Making This $1.7 Billion Mistake With Their IRAs

Based on an analysis of the firm’s own IRAs, Vanguard researchers found that nearly 7% of account holders forgot to take an RMD last year. The average missed RMD amount was $11,600, generating tax ...
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Missing RMDs Cost Investors $1.7B in Penalties, per Vanguard

More than half of investors with IRA balances under $5,000 missed their required minimum distribution in 2024, according to ...
National Association of Plan Advisors

RMDs (Still) Prove Difficult for Many Retirees

A recent report from Vanguard found that 6.7% of investors with a Vanguard-administered IRA did not take a required minimum distribution (RMD) in any amount in 2024.

Retirees, This End of Year Error Could Cost You Big, Says Vanguard Study

Many retirees miss required minimum distributions each year, risking steep IRS penalties that Vanguard estimates could total up to $1.7 billion annually.