Vanguard says millions of elderly retirees are making a critical mistake that leads to tax penalties

Missing required minimum distributions can lead to large tax penalties.

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 ...
PLANADVISER

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 ...

Retirees Lose Up to $1.7B Annually to IRS Penalties for Making This Year-End Mistake

Retirees face IRS penalties of up to 25% if they fail to take required minimum distributions from pretax investment accounts ...

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 ...
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 ...
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.

Too many people forgot their RMDs last year. Don’t make this 'billion-dollar mistake'.

Vanguard has 400,000 people in its RMD population, and it estimates that the overall U.S. population of RMD age is 8.7 ...
Investopedia

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

Trina Paul is a Breaking News and Personal Finance Writer at Investopedia, covering topics like retirement, consumer debt, and retail investing. She focuses on making complex financial topics ...