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Advisor Insights

How an Expert Botched Her Own RMD

Track IRA transactions like a hawk, from start to finish, to make sure they are carried out completely and correctly.

This shouldn't happen but it did: I messed up my own required minimum distribution for 2017.

I started out doing everything right. Following my own advice, I started my qualified charitable contributions early. In August, I sent my IRA provider a request for nine distribution checks, to be paid from the IRA in specified amounts to nine specified charities. The IRA provider cut the checks and, as requested, mailed them to me to be sent along to the charities.