Episode 26 – Social Security
Apr 21, 2023
Dana and Brad discuss IRA and Social Security payments.
You are required to start taking Required Minimum Distributions from your IRA accounts at 72 and missing these can lead to penalties. More information can be found at (https://www.irs.gov/retirement-plans/retirement-plan-and-ira-required-minimum-distributions-faqs)
If you take Social Security benefits before your Full Retirement Age you are subject to penalties if you make too much money. The current earnings limit for 2023 is $21,240. 1
-Download our FREE helpful resource, “The Social Security Decisions”