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