Goldman Sachs projects a 22% surge in S&P 500 second-quarter earnings driven by artificial intelligence and energy-sector gains, with the index up 21% over the past year. For a 68-year-old with most savings in a traditional 401(k) or IRA, the rally is inflating the required minimum distributions that will begin at age 73, since each year's RMD is calculated from the prior December 31 balance. Larger RMDs can push up to 85% of Social Security benefits into ordinary income and drive Medicare Part B premiums as high as $689.90 monthly. The years before the first RMD offer a planning window to consider strategies such as partial Roth conversions or qualified charitable distributions.
Goldman Sachs Group IncGoldman Sachs projects 22% earnings surge, positive for investment banking and asset management
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