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Anyone agree with me that an end date for MRDs of 4/15, just like TIRA contributions would, in the end, save the IRS a lot of paperwork on 5329s and senior taxpayers a lot of anxiety.

I hate to be the one to break the news, but seeking a waiver of the penalty is an aberration, not the norm. Most people don't find it a burden to take the distribution on time. And do you really think that these brain trusts who couldn't pull it together in 12 months will do it in 15 AND remember to indicate what year the distribution is for?

I put it in the "really bad idea" column. It would make far more sense just to do away with RMD's if all you're looking for is simplification. Of course, with that approach you run up against the policy issue of letting these accounts sit untaxed forever.

Rule Your Retirement Home Fool
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