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The Average 73-Year-Old’s $431,834 401(k) Triggers a $16,296 RMD, Most Don’t See It Coming

David Beren3h agoen
Read on 247wallst.com

From the article

At age 73, the IRS stops letting retirement savers defer taxes on their 401(k) balances. Required minimum distributions kick in, and the nest egg starts generating a tax bill whether the retiree needs the cash or not. For the typical American in their 70s, that first RMD is larger than most expect and lands on ... The Average 73-Year-Old’s $431,834 401(k) Triggers a $16,296 RMD, Most Don’t See It Coming
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