April 1

Retirees- Meet April 1 Deadline To Dodge 25% IRS Penalty On RMDs

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Retirees- Meet April 1 Deadline To Dodge 25% IRS Penalty On RMDs

As 2025 progresses, retirees who turned 73 in 2024 face a critical deadline: April 1, 2025. This date marks the last day to initiate Required Minimum Distributions (RMDs) from certain retirement accounts without incurring substantial penalties.​ Understanding Required Minimum Distributions (RMDs) RMDs are mandatory annual withdrawals from tax-deferred retirement accounts, ensuring that these funds are eventually … Read more

Canada’s Minimum Wage Updates Effective April 1, 2025- Federal And Provincial Increases Detailed

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Canada's Minimum Wage Updates Effective April 1, 2025- Federal And Provincial Increases Detailed

Effective April 1, 2025, significant adjustments to minimum wage rates will take place across Canada, impacting both federally regulated sectors and several provinces.  These changes aim to align wages with the rising cost of living and inflation, providing workers with enhanced financial support.​ Federal Minimum Wage Increase The Government of Canada has announced an increase … Read more

Social Security Payments Up To $1,000 Coming April 1, 2025- Eligibility, SSI Schedule, And Payment Breakdown

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Social Security Payments Up To $1,000 Coming April 1, 2025- Eligibility, SSI Schedule, And Payment Breakdown

​The Social Security Administration (SSA) is scheduled to distribute Supplemental Security Income (SSI) payments on Tuesday, April 1, 2025.  These payments are designed to assist individuals with limited income and resources who are aged 65 or older, blind, or disabled.  Understanding the eligibility criteria, payment amounts, and upcoming payment schedules is crucial for beneficiaries to … Read more