A $1 Million 401(k) In Retirement Can Still Cost You Six Figures Without These 5 Moves

Quick Read $1M in a 401(k) exceeds 95% of American retirement balances but creates tax traps costing six figures. RMDs starting at age 73 can push income into 24% or 32% tax brackets without early Roth conversions. Income exceeding $106K individual or $212K joint triggers $2K to $5K in annual Medicare IRMAA surcharges. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here. A $1 million 401(k) balance puts ...