Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

9 401(k) Tips to Get More Money in Retirement

February 11, 2020 · Personal finance

No Required Minimum Distributions (RMDs) until age 72

Are required minimum distributions (RDMs) important to most people?
Well, perhaps not all, but some seniors didn’t like being ‘forced’ to take distributions out when they didn’t feel they needed to. These distributions kick in when seniors turn 70 ½, yet those who worked at that time could hold off on these requirements. Still, this only applies if it fits the company’s plan- which could state otherwise and until you officially retire.

Thanks to the SECURE Act, seniors are able to avoid these distributions until they turn 72. Though we also have bad news for those who already turned 70 1/2 in 2019 as these changes do not apply to them.

Still want to avoid RDMs? Most retirees chose to convert pre-taxed 401(k) into Roth IRAs. The only downside is that you’ll be required to pay taxes on the conversion, though the rate will be lower.

Pages: 1 2 3 4 5 6 7 8 9 10

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • Older woman in a green coat holding a package and looking at her smartphone beside snow-covered mailboxes outdoors. 12 Scams Targeting Retirees During the Holidays
  • A senior man in glasses opens mail marked "Important Tax Return Document Enclosed" inside a home entryway. 9 Tax Forms Retirees Should Expect in the Mail
  • A man reading a document in a woodworking shop next to a workbench and a wall calendar. 7 Signs Your Tax Bracket Will Change Next Year
  • A mature man in a fleece vest holds a gutter guard and work gloves while standing outside a suburban home in autumn. 7 Insurance Policies Worth Reviewing Every Fall
  • A senior woman reviews tax strategy papers and a checklist at a sunlit greenhouse table filled with plants. 10 Tax Credits Retirees Often Forget to Claim
  • A woman sits at a wooden library desk next to a digital tablet displaying an excellent credit report summary. 9 Reasons Retirees Are Checking Their Credit Reports This Month
  • Senior woman working on a laptop resting on a lap desk while seated comfortably in an armchair with an ottoman. 11 Side Gigs Perfect for Retirees With Mobility Limitations
  • A woman sits at a wooden table reviewing financial documents and account statements beside a window and bookshelf. 9 Things to Do With Inherited Retirement Accounts
  • Senior couple in a sunlit living room with large windows, one looking outside and one browsing a wooden bookshelf. 8 Reasons Retirees Are Choosing Co-Ops Over Condos
  • A smiling senior vendor weighing produce on a hanging scale for a customer at a sunny outdoor farmers market. 7 Part-Time Jobs at Farmers Markets and Local Fairs for Seniors

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

12 Best States to Retire in 2021

Two smiling men enjoy a sunny stroll along a white sand Florida beach lined with…

Read More →

10 Mistakes That Reduce Your Social Security Payments

1. Failing to catch incorrect wage information Your Social Security benefits aren’t generated by some…

Read More →

7 Important Changes to Social Security in 2022

Beneficiaries are getting their biggest “raise” in nearly four decades  Beneficiaries are getting their biggest…

Read More →

10 Retirement Financial Milestones You Need to Achieve by Age 50

Debt: Under control If you haven’t paid off your debts by now, you should at…

Read More →

The Worst 5 States for Seniors to Be Healthy

Discover the worst states for senior health, the systemic challenges retirees face in these regions,…

Read More →

9 Retirement Statistics That Will Help You Prepare Your Nest Egg!

1. Outliving savings is a strong possibility Have you thought about the possibility of outliving…

Read More →
Older man in a green jacket reading a pamphlet beside a wooden arrow sign pointing toward voter information.

The Issues Voters Say Matter Most Heading Into November

Explore the key voter issues heading into November 2026, including Social Security solvency, Medicare drug…

Read More →

11 Things Retirees Should Buy ONLY at Costco (And Why)

Prescriptions – Just to make it clear, in case you’ve heard it wrong before: you don’t…

Read More →

Avoid Using These Passwords At All Costs

Sequential number combinations There is apparently a trend going on in the world of passwords,…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

About Us

Editorial Policy

Advertiser Disclosure

Frequently Asked Questions

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.