[DugwayDuke]

No, it’s not ‘fake news’. You will be hit with a fifty percent penalty if you do not take RMD as required by law.

[fwdude]

You will be hit with a fifty percent penalty if you do not take RMD as required by law.

50% of what, exactly?

[Eric in the Ozarks]

This is under IRS Publication 590 or “Rule 590.”

I wrote to our new president about this issue.

Hope he can do something about it because it is a tax on already taxed savings.
A tax on a tax.