The Best Of Refining Retirement Podcast - Social Security

Dana and Brad discuss IRA and Social Security payments. Takeaways: -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 (1. https://www.ssa.gov/benefits/retirement/planner/whileworking.html) -Download our FREE helpful resource, “The Social Security Decisions”