Question

What happens if I miss an RMD?

Answer

You’ll owe a 25% penalty on the required amount that was not withdrawn. If you correct the mistake in a timely manner, the penalty may be reduced to 10%. The IRS may also waive penalties for documented reasonable cause.

About Mercer Advisors

We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.

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