Hospitalized last year and missed RMDs: How to remedy the oversight
New York, NY – Many individuals may find themselves in a situation where they were unable to take their Required Minimum Distribution (RMD) from their retirement account, particularly due to unforeseen circumstances such as a hospitalization. Fortunately, there are options available to rectify this issue and avoid any potential penalties from the IRS. One possible solution is to take the missed RMD as soon as possible and report the situation to the IRS. Providing a …