Retirees: Avoid Costly Tax Penalties with Key RMD Rules and Deadlines
Originally Published 8 days ago — by Business Insider
Many elderly Vanguard clients are failing to take required minimum distributions (RMDs) from their retirement accounts in 2024, leading to potential tax penalties of up to 25%. Vanguard recommends automating withdrawals and consolidating accounts to prevent missed RMDs and avoid unnecessary taxes.