According to IRA expert Ed Slott (www.irahelp.com ), the penalty protection for missed required minimum distributions (RMDs) may not be as good as it seems. The SECURE 2.0 Act, passed at the end of ...

When a client fails to take a required minimum distribution, you usually want to seek a waiver of the 50% penalty that would apply to this mistake. My October 2015 column explained exactly how to ...

I overlooked my minimum required distribution in 2014 mostly because I was not reminded of it by Fidelity as they used to do. I became aware of it on Jan. 1 and immediately took it on Jan. 2, but too ...