Missed RMDs are a billion-dollar mistake, warns Vanguard's senior investment strategist. What retirees need to know.

Some ways of keeping your net investing costs down are difficult to implement. This isn't one of them.
Business Insider

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.
Financial Planning

1 in 3 retirees faces an RMD tax penalty. Here's how advisors help fix it

Missed IRA RMDs can cost clients thousands, Vanguard research shows. But financial advisors can help erase tax penalties and ...
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This 'costly mistake' triggers a huge tax bill for retirees

Nearly nine million IRA owners are required each year to take what the tax code calls required minimum distributions, better known as RMDs. An RMD is “an annual distribution required by the Internal ...