✉news BusinessPersonal Finance first seen 4 d ago, last 4 d ago, peak #16
Widower Learns His Rollover IRA Withdrawals Are Taxed, and Cost More Now
Original: He Asked Whether His Rollover IRA RMDs Are Taxed. They Are, and Losing His Wife a Year Ago Made Them Cost More
A man asked whether required minimum distributions from his rollover IRA are taxed. They are, and since his wife died a year ago, they cost more: as a single filer he likely faces a higher tax rate than under the married-filing-jointly status he previously used. The case highlights how losing a spouse can quietly raise taxes on retirement income, a situation financial advisers urge widows and widowers to plan for.
Why now: The story is drawing attention because it shows how widowhood can push retirees into a higher tax bracket through RMDs.
Evidence
- He Asked Whether His Rollover IRA RMDs Are Taxed. They Are, and Losing His Wife a Year Ago Made Them Cost More · 24/7 Wall St.
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