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A $2.6 Million 401(k) at 74 Produces a $102,000 RMD That Lands a Retiree in the 24% Bracket
Source: 247wallst.com
Tax & TariffsFiscal Policy & BudgetConsumer Demand & Retail
The article warns that retirees with seven-figure 401(k) balances can face mandatory six-figure IRS withdrawals, potentially pushing taxable income into higher brackets. Required distributions may also interact adversely with Social Security taxation and Medicare premium surcharges, creating an effective marginal tax rate approaching 40% on incremental income.
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