Insurance companies are notorious for slow processing. Furthermore, companies have different rules on how they'll process an RMD request received by x date in December. It might be the date they send the RMD out, the date they process the RMD request, or the date the paperwork is received in good order... Moral of the story, I wanted to send a brief reminder to get paperwork in sooner rather than later to avoid the potential of a missed 2026 RMD.
BONUS #1:
A link to Ed Slott's top 10 RMD mistakes to avoid for 2026 along with the top 3 we hear from advisors:
https://irahelp.com/top-10-rmd-mistakes/
1. If you're RMD age, you still have to take RMDs from IRAs even if you're still working.
2. QCDs are not limited to your RMD. It's any amount up to $111k regardless of IRA size.
3. IRAs can be aggregated for RMDs, but RMDs from 401ks must be taken separately.
Bonus #2:
The Secure Act 2.0 allows annuitized IRA money to satisfy RMDs for other IRAs. Here's a link to Fidelity's write up that gets into all the details:
https://www.fidelity.com/learning-center/personal-finance/secure-act-2-qualified-annuities-rmd
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