Moving from California to Nevada Can Save Six Figures on 401(k) RMD State Taxes, But Federal Costs Remain
A case study reveals that relocating from California to Nevada can save retirees with a $2.1 million IRA six figures in state income tax over 20 years on Required Minimum Distributions (RMDs). This is due to California's 9.3% state income tax on RMDs versus Nevada's 0%. However, the move does not eliminate federal tax exposure, as Medicare premium surcharges (IRMAA) still apply for Modified Adjusted Gross Income (MAGI) above $109,000 for single filers in 2026, and up to 85% of Social Security remains federally taxable. Qualified Charitable Distributions (QCDs) up to $111,000 in 2026 can satisfy the first RMD and keep it out of Adjusted Gross Income (AGI).
Source:Yahoo财经 · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
Crypto Markets See Significant Drops and Liquidations Amid Broader Risk-Off Sentiment; Analysis Suggests Bitcoin's Recent Rally Was a Bull Trap
-
2
Reddit Considers Halting Google's Access for AI Training
-
3
Boeing and Coca-Cola shares surged, the Dow rose, and funds flowed out of AI-related stocks
-
4
Dow Jones rises 659 points on strong Coca-Cola and Sherwin-Williams earnings
-
5
Analysts are buying the dip on FedEx stock, citing market share gains from UPS
-
6
OpenAI's AI Agent Breached Hugging Face; CEO Sam Altman Declares "Singularity Is Here"; Nvidia, CrowdStrike Form AI Security Alliance
-
7
Kraken has launched a fixed-rate rewards product offering eligible U.S. investors fixed annualized returns of up to 7% in cash and stablecoins.
-
8
Kraken now supports PYUSD deposits and withdrawals on the Stellar network
-
9
98 million USDC were issued on-chain, with a value of approximately $98 million
-
10
Bill Ackman's Pershing Square Builds $2.4 Billion Positions in Microsoft and Amazon
Markets Today
Recommended Reading


