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Story summary
- Investors must take required minimum distributions to avoid a 25% IRS penalty.
- Most retirees must start RMDs at age 73, with the first due by April 1 following the year of attainment.
- Fidelity data as of November 30 shows 53% of investors needing a 2025 RMD had not taken one.
- Missed December 31 deadlines may trigger penalties.
- Penalties may be reduced to 10% if corrected within two years.
