✉news BusinessPersonal Finance first seen 19 h ago, last 4 h ago, peak #4
A 73-Year-Old's $1.2 Million 401(k) Triggers a $45,000 Withdrawal and Higher Medicare Premiums
Original: At 73, His 401(k) Will End the Year at $1.2 Million. The Balance Will Set a $45,000 Required Withdrawal, and That RMD Will Set His Medicare Premium Two Years After He Takes It
A 73-year-old retiree with $1.2 million in his 401(k) faces a required minimum withdrawal of roughly $45,000 this year. That income will also raise his Medicare premiums two years later, since Medicare surcharges are calculated on income from two years prior. The case illustrates how retirement account rules compound, catching savers off guard with layered tax and healthcare costs.
Why now: Retirees are closely watching how required minimum distributions can ripple into Medicare premium increases under current rules.
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