5 Key Checklist Items for Reviewing Clients’ 2018 RMDs

Mar 11, 2019 / By Denise Appleby, APA, CISP, CRC, CRPS, CRSP
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An IRA owner who fails to take any required minimum distribution by the applicable deadline will owe the IRS a 50% excess accumulation penalty for any RMD shortfall. To make a proper determination of whether an IRA owner has an RMD shortfall, one must follow the guidelines provided in the RMD regulations.

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