What happens if I don’t take my RMD?

Required Minimum Distributions are not a suggestion, they are a requirement.

If you don’t take your full RMD, meaning no less than the requirement, you could pay an IRS penalty of up to 50% of the amount not withdrawn.

Please Note: The information contained in this Web site is provided solely as a source of general information and resource. It is a not a statement of contract and coverage may not apply in all areas or circumstances. For a complete description of coverages, always read the insurance policy, including all endorsements.