The surging could be a mixed blessing for some retirees - as it could push them into a higher tax bracket, experts warn. Shares rose sharply at the end of 2023 - with the S&P 500 index of America's biggest companies . While this is a , it could pose some problems for those who are already spending their retirement nest eggs. The reason, experts warn, is because older Americans must start taking withdrawals from their traditional pre-tax 401(K) and individual retirement accounts (IRAs) by a specific age, or face a penalty.
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