@37712@sardonicsmile It's 100% real. You are forced to take distributions from your retirement accounts at 70 so the government can collect taxes on it.
This only applies to retirement accounts. If you're just rich and have money in a brokerage, that's fine. It's only tax-differed retirements account that force you to take withdrawals and pay taxes.
@37712 @sardonicsmile It's 100% real. You are forced to take distributions from your retirement accounts at 70 so the government can collect taxes on it.
This only applies to retirement accounts. If you're just rich and have money in a brokerage, that's fine. It's only tax-differed retirements account that force you to take withdrawals and pay taxes.