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In the IRA contributions results, it shows a "Tax on excess accumulations in retirement" of $1822. What does this mean?

What does Tax on excess accumulations in retirement mean?

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In the IRA contributions results, it shows a "Tax on excess accumulations in retirement" of $1822. What does this mean?

It means you have a penalty for not taking the full RMD. Go back and check your 1099R entries. There just was an update on 2/20/25 that fixed the RMD problems.

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