A single lifetime annuity can replace the paycheck but locks up the money for good

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Required minimum distributions now begin at 73 and a Roth 401(k) no longer forces them at all Backdoor Roth contributions are legal but the pro-rata rule taxes the conversion if you still hold a traditional IRA The five-year clock on Roth earnings runs separately from the five-year clock on conversions Beneficiary forms override your will so an outdated designation can send an IRA to an ex-spouse An inherited IRA must be emptied within ten years and annual withdrawals are still required in most cases A Roth conversion is taxed at today's marginal rate in exchange for tax-free withdrawals later A hardship withdrawal still owes income tax and usually the penalty unless the reason sits on the short IRS list Beneficiary designations on retirement accounts override whatever the will says The annual additions limit counts employer match and after-tax money so the headline deferral cap is not the real ceiling Changing jobs mid-year can leave you running two 401(k) accounts and paying two sets of recordkeeping fees