Story thread · 2 reports / 1 sources

A Couple Who Retires at 63 With $480,000 Between Two 401(k)s and Lives on His Military Pension for Ten Years Can Expect First RMDs of $29,500 at 73, Every Dollar Taxable on Top of the Pension

247wallst.com · 6h · first reportShare

Leaving $480,000 in two 401(k)s untouched while living on a military pension sounds like a solid plan until the IRS shows up at 73 and turns a decade of patience into a tax bill stacked on top of already-taxable income.