3 Common RMD Mistakes to Avoid
These easily avoidable slip-ups could have huge tax consequences.
Overview
With 2026 more than half over, it's time to start thinking about your required minimum distributions (RMDs) if you're 73 or older and haven't taken them yet. There's no rush to complete them, but you do want to create a plan and brush up on the rules.
RMDs can be a little tricky, especially if you're new to them, and failing to take them as required can result in a 25% tax penalty. But you should be able to avoid that if you're careful not to make the following three mistakes.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.