Common use of Failure to Withdraw an RMD Clause in Contracts

Failure to Withdraw an RMD. If you do not withdraw your RMD spouse is the only designated beneficiary, or if there are multiple by its required distribution date, you will owe a 50 percent excess designated beneficiaries and separate accounting applies, and you accumulation penalty tax on the amount not withdrawn. You can die before your RBD, your surviving spouse can postpone always take more than your RMD in any year but no additional commencement of his/her RMDs until the end of the year in amounts taken can be credited to a subsequent year's RMD. which you would have attained age 72. If you die on or after