Social Security Alert – Retirees Must Meet This Requirement by July 1st to Avoid a 25% Penalty!
As 2025 approaches, retirees turning 73 in 2024 are on a critical financial countdown. The IRS has set a firm deadline of July 1, 2025 for taking your first Required Minimum Distribution (RMD) from retirement accounts. Miss it, and you could face a hefty 25% penalty—a painful hit to your savings if you’re not careful. … Read more