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Older Clients Not Taking RMDs Pay Billions in Unnecessary Taxes: Vanguard
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Older Clients Not Taking RMDs Pay Billions in Unnecessary Taxes: Vanguard

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Missing required minimum distributions can lead to large tax penalties.

A substantial number of elderly, retirement-age investors are failing to take required minimum distributions, or RMDs, a new Vanguard report shows. This ultimately results in tax penalties, which can amount to thousands of dollars, depending on the a... [2394 chars]

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Source: Business Insider

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