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Here's what happens at 73.
The IRS forces you to withdraw from your 403(b) — whether you need the money or not.
For a physician who contributed $23K/year for 25+ years, that RMD can be $80,000–$120,000.
Taxable. Every dollar.
Securities and advisory services offered through Woodbury Financial Services, Inc. (WFS), member FINRA/SIPC. WFS is separately owned and other entities and/or marketing names, products or services referenced here are independent of WFS. See our website for add'l disclosures.
The 403(b) Time Bomb.
Hospital physicians have been doing everything right for 25 years.
At 73, the IRS doesn’t care.
One RMD triggers three tax hits simultaneously. Most don’t see it coming until it’s too late. 🧵👇
Is anyone tired of the treasury using our tax money frevorous shit? The deficient is out of control. If so, what are you doing about it? No ballrooms. No arch. I am so sick and tired of this bullshit.