I’m 65 with $2.5 million stashed in a 401(k) – is it time to stop contributing and avoid a tax nightmare down the road?

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I’m 65 with $2.5 million stashed in a 401(k) – is it time to stop contributing and avoid a tax nightmare down the road?

247wallst.com/personal-finance/2025/06/05/im-65-with-2-5-million-stashed-in-a-401k-is-it-time-to-stop-contributing-and-avoid-a-tax-nightmare-down-the-road

Key Points

Depending on what one’s Safe Withdrawal Rate (SWR) is, income tax on retirement funds, especially when Required Minimum Distribution (RMD) age is reached, can get onerous.

There are strategies that can be used to minimize taxes that may be worth consideration,…

This story appeared on 247wallst.com, 2025-06-05 13:19:02.