A little oversight or automation can keep money in your pocket.
Retirees who spent decades diligently saving are now losing thousands of dollars to tax penalties that are entirely preventable. The problem is not exotic hedge funds or speculative bets, but ...
Many Vanguard clients in their 70s and above missed required minimum distributions from retirement accounts in 2024. Missing RMDs can lead to tax penalties of between 10% and 25% the required amount.