Making Cents: Serious Savers Face Taxing Dilemma

Can you have too much money in your retirement accounts once it comes time to withdraw? Yes! There is an extra 15% tax if you take out more than a combined $155,000 a year. Minimum-withdrawal rules make that a possibility for some big savers who’ve done well in the recent bull markets. However, there’s a moratorium on the tax for the next three years--so move quickly if you face this “problem.”