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Fidelity, Schwab, and Vanguard Will Each Calculate Your RMD for You. None of Them Counts the IRA at the Other Two Firms, and the 25% Penalty on the Shortfall Is Yours
Source: 247wallst.com
Tax & TariffsRegulation & Legislation
IRA custodians provide required minimum distribution (RMD) figures each January, but relying on any single custodian for the full obligation may leave an account holder short and liable for a federal excise tax. The article gives no tax rate or dollar amount.
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