Have A Large 401(k) Balance and Entering Retirement? Make Sure You Do This Now

Quick Read RMDs begin at age 73 for those born 1951-1959 and age 75 for those born 1960 or later. Provisional income above $34,000 for singles or $44,000 for couples triggers taxation on up to 85% of Social Security benefits. Creating a tax plan for a large 401(k) is critical to limit your tax liability. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here. If you have a large 401(k) balance, you're in a ...