The Economic Times

Woman retired at 64 with $380,000 in her 401(k). Nine years later, her first RMD faced a 22% tax rate

During the gap years, retirees often overlook essential tax planning opportunities. This crucial time allows them to manage their taxable income before mandatory withdrawals kick in. One retiree found herself facing significantly higher tax bills in the future because she didnt convert her savings. As her untouched 401(k) grew, required distributions increased. Engaging in proactive Roth conversions during periods of low income can enhance tax efficiency considerably.