Vanguard says millions of elderly retirees are making a critical mistake that leads to tax penalties
Many Vanguard clients in their 70s and above missed required minimum distributions from retirement accounts in 2024. Missing RMDs can lead to tax penalties of between 10% and 25% the required amount.
Required minimum distributions are about to become a much bigger deal for millions of retirees as 2026 approaches, and the cost of getting them wrong is no longer theoretical. Investors have already ...
Vanguard says millions of elderly retirees are making a critical mistake that leads to tax penalties
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