✉news BusinessPersonal Finance first seen 7 d ago, last 7 d ago, peak #25
Teacher and Firefighter Couple Faces $35,000 Required Withdrawals at 73
Original: A Teacher and a Firefighter Who Retire at 58 With $450,000 in a 403(b) and a 457(b) and Live on Two Pensions for 15 Years Will Face About $35,000 of Required Withdrawals at 73
A 24/7 Wall St. analysis examines a public-sector couple — a teacher and a firefighter — who retire at 58 with $450,000 split between a 403(b) and a 457(b) and live on their two pensions for 15 years. By age 73, they would face roughly $35,000 a year in required minimum withdrawals, illustrating how mandated distributions can catch retirees off guard even after decades of modest living.
Why now: Readers planning public-sector retirements are closely watching how required minimum distribution rules affect long retirement horizons.
Evidence
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