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A $1.3 Million 401(k) Left Alone at 62 Becomes a $2.4 Million RMD Problem at 73, Unless the Owner Makes One Move First

Source: 247wallst.com

Tax & Tariffs
A $1.3 Million 401(k) Left Alone at 62 Becomes a $2.4 Million RMD Problem at 73, Unless the Owner Makes One Move First

A hypothetical 62-year-old with $1.3 million in a traditional 401(k) could have roughly $2.4 million by age 73 if the account grows 5.7% annually and is left untouched. The article says the IRS then determines annual withdrawals; the provided text does not include further details.

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