They will count that money towards your income bump you up to the next tax bracket.. Yeah ol Biden, pelosi, Schumer just looking out for us.. the chickens will come home to roost for a bunch of these democrats that have 401k’s.. I’m sure they will manage to blame the evil republicans..
Fuggin sickening ain’t it.
This year those who had RMDs were allowed to put back what they had to take out and without penalty or just not take it at all and without penalty.
Trump had also ordered Treasury to find a recalculation of the RMD withdrawal factor to effect a lower withdrawal rate because of longevity increases. That’s not happened yet and hopefully The Treasury Secretary can punch that through before January
