✉news BusinessPersonal Finance first seen 11 h ago, last 7 h ago, peak #15
How to draw $48,000 a year from a $1.2 million 401(k) tax-efficiently
Original: How a 63-Year-Old Can Pull $48,000 a Year From a $1.2 Million 401(k) Without Triggering IRMAA or Taxing Social Security
Financial commentators are outlining a retirement withdrawal strategy for a 63-year-old with a $1.2 million 401(k) who wants $48,000 a year in income. The plan focuses on keeping taxable income low enough to avoid higher Medicare IRMAA premiums and prevent Social Security benefits from being taxed once claims begin. It highlights ongoing interest among near-retirees in sequencing withdrawals and managing income thresholds.
Why now: Retirees nearing Social Security and Medicare eligibility are closely watching withdrawal strategies that avoid tax and premium surcharge thresholds.
401(k)MedicareSocial SecurityIRMAA
Rank over time, top of the chart is #1. 4 snapshots from 11 h ago to 7 h ago.
Evidence
- How a 63-Year-Old Can Pull $48,000 a Year From a $1.2 Million 401(k) Without Triggering IRMAA or Taxing Social Security · 24/7 Wall St.
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