The 5 RMD Mistakes Every Retiree Should Know

📘 FREE REPORT FROM MARK KOLLAR: 7 Bear Market Mistakes Retirees Make. Check the link in the description or pinned comment. Our Website: http://www.retirementincomestrategies... Get Your Free 7 Bear Market Mistakes Report Here: https://sevenmistakes.subscribepage.io/ Become a Client: http://www.retirementincomestrategies... Our Amazon Store: https://www.amazon.com/dp/B0G2ZRYGLF SUBSCRIBE TO OUR CHANNEL:    / @markkollarretirementexpert   --------- What happens when a simple withdrawal from your IRA turns into a 25% penalty you never saw coming? In this video, Mark Kollar — a fiduciary Retirement Income Strategist with Kollar Wealth Advisors — breaks down the 5 most common Required Minimum Distribution (RMD) mistakes retirees make, and why the IRS penalty for missing one, once as high as 50%, still costs people thousands every year even after being lowered to 25%. Mark walks through a real example: a 74-year-old retiree with a $600,000 traditional IRA whose required withdrawal comes out to roughly $22,800 a year — and how getting the calculation wrong, missing the December 31st deadline, or mishandling a first-year RMD can trigger unnecessary taxes and penalties. He also covers the "aggregation trap" that catches people with multiple 401(k)s from old employers, the Qualified Charitable Distribution (QCD) strategy that lets you send up to $111,000 directly from your IRA to charity in 2026 without it counting as taxable income, and the Inherited IRA 10-Year Rule that surprises even beneficiaries who thought they'd done everything right. But the biggest lesson isn't just about the rules — it's about catching these mistakes before December 31st, when fixing them gets a lot harder. This is exactly the kind of avoidable, expensive mistake Mark writes about in his book, The Retirement Navigator — because these rules aren't complicated once someone actually explains them to you. Mark Kollar has spent 35 years helping families with retirement and financial planning. He is a fiduciary registered investment advisor through Kollar Wealth Advisors and the author of The Retirement Navigator. ⏱️ Chapters: 0:00 The hidden penalty 1:15 What is an RMD? 2:15 Mistake #1 – Missing the deadline 3:30 Mistake #2 – Miscalculating 4:45 Mistake #3 – The aggregation trap 6:00 Mistake #4 – Skipping the QCD 7:45 Mistake #5 – Inherited IRA 10-year rule 9:00 Recap #RMD #retirementplanning #MarkKollar #RequiredMinimumDistribution #IRA #QCD #estateplanning #financialplanning #retirementincome Sources: SECURE 2.0 Act (Congress.gov): raised the RMD age to 73 for those born 1951–1959, and to 75 for those born 1960 or later; reduced the RMD penalty from 50% to 25% (10% if corrected within two years). IRS.gov: RMDs must be taken by December 31st each year, with a first-year exception to April 1st; Uniform Lifetime Table used to calculate most RMDs. Congress.gov / Fidelity: 2026 Qualified Charitable Distribution limit of $111,000 per person. IRS.gov: Non-spouse beneficiaries inheriting an IRA after 2019 must generally empty the account within 10 years. DISCLAIMER: This content is for educational purposes only, not individualized financial, legal, or tax advice. Always consult a qualified professional before making financial decisions.