According to IRA expert Ed Slott (www.irahelp.com ), the penalty protection for missed required minimum distributions (RMDs) may not be as good as it seems. The SECURE 2.0 Act, passed at the end of ...

The penalty for missing a required minimum distribution (RMD) is one of the largest in the Tax Code. For years it was 50 percent of the amount that should have been taken but was not. That penalty was ...

As the year draws to a close, retirees should review how required minimum distributions (RMDs) are calculated.

Whether it's the soaring costs of living, surging debt, or to address emergency expenses – the devastating impact from Hurricane Helene and Hurricane Milton in the Southeastern US comes to mind – ...

When a client fails to take a required minimum distribution, you usually want to seek a waiver of the 50% penalty that would apply to this mistake. My October 2015 column explained exactly how to ...