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Retiree Faces 22% Tax Rate on First RMD After Decades in Traditional 401(k)

A woman who retired at 64 with a $380,000 401(k) and delayed withdrawals for nine years faces a 22% tax rate on her first required minimum distribution due to never converting funds to a Roth account. The case highlights the long-term tax implications of traditional retirement accounts.

29 Aug, 20:41 — 29 Aug, 20:41
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