✉news BusinessPersonal Finance first seen 1 d ago, last 23 h ago, peak #15
How Big Required Minimum Distributions Get on a $2 Million Retirement Account
Original: If Your IRA or 401(k) Grows to $2 Million, How Big Could Your RMDs Get?
Investopedia explores how required minimum distributions (RMDs) would look for savers whose IRA or 401(k) balances reach $2 million. The article walks through how the IRS life-expectancy tables apply to large balances, meaning withdrawals of roughly $75,000 or more per year could be forced in retirement, raising taxable income questions for affluent savers.
Why now: RMD rules and retirement tax planning are a perennial concern for older savers with large account balances.
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