25% Penalty Warning for Retirees

25% Penalty Warning for Retirees – Act Before April 1st or Lose Out

25% Penalty Warning for Retirees – Act Before April 1st or Lose Out

Anthony Lane

Retirees beware: Miss your Required Minimum Distribution (RMD) deadline by April 1, 2025, and you could face a 25% IRS penalty. This expert guide explains who must act, how to avoid the fine, and what steps to take now to protect your retirement savings.