A 68-Year-Old With $1.1 Million in a 401(k) Just Found Out Her RMDs Will Hand the IRS $290,000, and She Has Five Years to Shrink It
Her 401(k) balance keeps growing, her RMD clock keeps ticking, and the window to act closes in 2030. A closer look at her situation reveals why doing nothing is the most expensive choice she can make.
Her 401(k) balance keeps growing, her RMD clock keeps ticking, and the window to act closes in 2030. A closer look at her situation reveals why doing nothing is the most expensive choice she can make.
This story was originally published by 24/7 Wall St.. Use the link below to read the full article at the source.
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