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A large TSP balance can become a tax problem once Required Minimum Distributions begin

·Source: FNN — Benefits

A big Thrift Savings Plan balance can trigger unexpectedly large Required Minimum Distributions in your 70s, pushing retirees into higher tax brackets. The article highlights the “tax on tax” effect and the need for advance tax planning to manage RMD-driven income.

Read full story at FNN — Benefits

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tsprequired-minimum-distributionsrmdtax-planningretirement-income