The Average 401(k) Balance Is $351,242. Ignoring This Tax Rule Can Cost You Thousands.

The average 401(k) balance is about $351,242, but taxes can reduce how much of that money is available to spend.1 Required minimum distributions (RMDs) can create taxable income once they begin, potentially increasing your tax bill. Planning when and how you take money from your 401(k) could help limit the tax impact over retirement. The […] The post The Average 401(k) Balance Is $351,242.