A 64-Year-Old Couple Has $1.2 Million in a 401(k), but Their Biggest Tax Decision May Come Before They Touch It
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The post A 64-Year-Old Couple Has $1.2 Million in a 401(k), but Their Biggest Tax Decision May Come Before They Touch It appeared first on 24/7 Wall St..
A couple retiring at 64 with $1.2 million in fully pretax 401(k) savings looks like they’re done. They also have enough cash in a taxable account to cover several years of spending, so they plan to leave the 401(k) alone and let it compound.
This couple is hypothetical but stands in for a pattern that trips up many seven-figure savers. Ev
A couple retiring at 64 with $1.2 million in fully pretax 401(k) savings looks like they’re done. They also have enough cash in a taxable account to cover several years of spending, so they plan to leave the 401(k) alone and let it compound.
This couple is hypothetical but stands in for a pattern that trips up many seven-figure savers. Ev
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