How to Protect Successor Beneficiaries From the Dreaded 50% Excess Accumulation Penalty

Jun 24, 2019 / By Denise Appleby, APA, CISP, CRC, CRPS, CRSP
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Like IRA owners and first-generation beneficiaries, successor beneficiaries are subject to a 50% excess accumulation penalty on RMD shortfalls. One of the ways to avoid this penalty is by ensuring that the data used to calculate the RMD amounts are correct.

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