A hidden tax trap could be quietly draining your 401(k) savings—and most people don’t see it coming. This episode breaks down how “phantom income,” required withdrawals, and tax-deferred savings can unexpectedly push retirees into higher tax brackets. Gary Garner and Vicki Miller explain why a 401(k) is both a powerful tool and a long-term tax obligation, highlighting the impact of early withdrawals, required minimum distributions, and strategic moves like Roth conversions. The conversation also explores how taxes, Medicare thresholds, and income timing shape what retirees actually keep—not just what they save.

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