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Saving Advice
Saving Advice
Lifestyle
Teri Monroe

8 RMD Missteps That Turn Retirement Accounts Into Penalty Magnets

RMD missteps to avoid
Image Source: 123rf.com

Required minimum distributions (RMDs) are unavoidable once you hit a certain age. But many retirees make costly mistakes that turn retirement accounts into penalty magnets. With IRS rules changing and penalties steep, even small errors have big consequences. Missing just one deadline can drain thousands. Here are eight RMD missteps retirees must avoid.

1. Missing the First Deadline

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