✉news BusinessPersonal Finance first seen 1 d ago, last 20 h ago, peak #5
Wealthy Investors Over 60 Shift 401(k)s Into Roth Accounts
Original: Why Affluent Investors Over 60 Are Emptying Their 401(k)s Into a Roth Before the IRS Sets the Withdrawal Schedule
Financial commentators report that affluent Americans over 60 are converting their 401(k) savings into Roth accounts ahead of potential IRS-mandated withdrawal schedules. The strategy, known as a Roth conversion, lets savers pay taxes now at current rates to avoid future required minimum distributions. Advisers are warning readers to weigh upfront tax costs against the risk of tax rules tightening for large retirement balances.
Why now: Fresh commentary on anticipated IRS withdrawal rules is prompting retirement savers to discuss Roth conversions.
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Evidence
- Why Affluent Investors Over 60 Are Emptying Their 401(k)s Into a Roth Before the IRS Sets the Withdrawal Schedule · 24/7 Wall St.
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