The New Tax Playbook for Draining Your 401(k) in Retirement
Monday, April 04, 2022
News & Press
Putting money into a 401(k) is simple. Taking money out often requires an exit strategy.
The tax breaks baked into retirement accounts don’t last forever. Retirees or their heirs eventually must start draining their balances by taking annual withdrawals known as required minimum distributions or RMDs, triggering tax bills.