Vanguard just answered a question I've long had — and it's a question only someone who lives and breathes retirement income planning, like me, would have: What percentage of people miss their required minimum distributions (RMDs) entirely or take less than the minimum amount?
The answer, according to Vanguard, is that about 7% of people who are required to take RMDs take less than the legally required amount. The Employee Benefit Research Institute (EBRI) miss rate was about three times that.
