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Retirement Tax Strategy Shift | Raleigh News
New research from Schwab is changing the retirement game: don’t wait until forced withdrawals to tap your 401(k) or IRA—start pulling money out voluntarily as early as age 59½ to avoid massive tax bills later. Mandatory distributions begin at 73, and if you’ve let balances grow, those withdrawals can shove you into higher tax brackets, hike your taxable Social Security, and spike Medicare costs. The smarter play? Strategically withdraw now to pay taxes at lower rates before the big mandatory payouts hit. Your savings, income, and marital status matter—but this could save you thousands over…
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