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Why a 64-Year-Old Couple Is Draining the Larger 401(k) First to Keep the Survivor Out of the 32% Bracket
Source: 247wallst.com
Tax & Tariffs
A 64-year-old couple found that their $1.6 million retirement account could create a significant tax burden after one spouse dies. The article highlights how a large tax-deferred balance may pose retirement-planning risks for surviving spouses rather than solely providing financial security.
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