Reported 2 days ago
Americans aged 73 and older have until December 31, 2024, to withdraw their required minimum distributions (RMDs) from retirement accounts to avoid a 25% IRS penalty. Many retirees overlook these withdrawals, often due to multiple accounts with different providers. Fidelity reports that 48% of eligible IRA customers have yet to take their RMDs for 2024.
Source: YAHOO