✉news BusinessPersonal Finance first seen 2 d ago, last 2 d ago, peak #7
Retirees Born After 1959 Get Two Extra Years Before Required Withdrawals
Original: Retirees Born After 1959 Don't Face a 401(k) RMD Until 75. On a $900,000 Balance, That's Two More Years of $60,000 Roth Conversions
Under SECURE 2.0, retirees born in 1960 or later do not have to start taking required minimum distributions from 401(k) accounts until age 75, up from 73. On a $900,000 balance, that extra window allows roughly two more years of about $60,000 in annual Roth conversions before withdrawals begin. Commentators are highlighting the planning opportunity this creates for moving pre-tax savings into Roth accounts at lower tax rates, though the exact rules and income effects for each retiree may vary.
Why now: The later RMD age under SECURE 2.0 gives recent retirees a wider tax-planning window, prompting discussion of Roth conversion strategies.
401(k)Roth IRASECURE 2.0 ActInternal Revenue Serviceretirees born after 1959
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- Retirees Born After 1959 Don't Face a 401(k) RMD Until 75. On a $900,000 Balance, That's Two More Years of $60,000 Roth Conversions · 24/7 Wall St.
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