Why Retirees With $1.4 Million Are Taking $60,000 a Year at 62 Instead of Waiting for a $100,000 RMD at 73
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The post Why Retirees With $1.4 Million Are Taking $60,000 a Year at 62 Instead of Waiting for a $100,000 RMD at 73 appeared first on 24/7 Wall St..
A 62-year-old couple with $1.4 million in a traditional 401(k) faces a decision most peers delay: start drawing now, or let the account compound until the IRS forces the issue at 73. The case for taking roughly $60,000 a year starting at 62 has become one of the strongest in retirement planning, driven entirely by tax brackets.
Under SECURE 2.0, req
A 62-year-old couple with $1.4 million in a traditional 401(k) faces a decision most peers delay: start drawing now, or let the account compound until the IRS forces the issue at 73. The case for taking roughly $60,000 a year starting at 62 has become one of the strongest in retirement planning, driven entirely by tax brackets.
Under SECURE 2.0, req
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