Before 2025 ends, retirees should prioritize their finances. Required Minimum Distributions (RMDs) for traditional retirement plans must be followed, with penalties for late withdrawals. Strategies like Qualified Charitable Distributions can minimize tax bills. Review investment portfolios to balance gains with risk, and plan for rising costs like Medicare premiums in 2026.

Additionally, maximization of Social Security benefits can boost retirement income significantly. Learning “Social Security secrets” can lead to an extra $23,760 annually. Taking these steps before 2025 concludes can set retirees up for a successful financial start in 2026.

Read more at Yahoo Finance: Retired? 3 Financial Moves You Must Make Before 2025 Ends.