4 ms·

IRA Year-End Reminders

• PopAlongKid 5y ago
  >Remember that you face a 50% excise tax on any required minimum distribution that you fail to take on time. Except the IRS does not enforce this, there are countless anecdotes among tax practitioners about people who have gone years without taking RMDs and they are not penalized at all, other than having to catch up and pay the taxes they illegally evaded for those years.