401(k) balances are at a near all-time high, leaving retirement savers feeling pretty good about their futures. Eventually though, we all have to take distributions from those accounts. And that’s when some people may realize their nest egg isn’t as comfortable as they previously thought.
401(k) distributions are made with pre-tax dollars; so at some point, everyone has to pay the piper.
Read more about the hidden costs and how to lessen the tax bite in this article published on CNBC.com.