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Brown Cafe UPS Forum
UPS Retirement Topics
Pacific Coast Benefits Trust in mail, can I cash out?
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<blockquote data-quote="twoweeled" data-source="post: 2172384" data-attributes="member: 27108"><p>yeah, I could very well be wrong too, But!! I thought it was 20% withholding if you take a lump sum (which I assume that's what you want). I think if your under 59 1/2, you have the 10% penalty, in addition to the 20% withholding. That's a lot! From my understanding, </p><p>that 10% penalty is a 100% loss to you. The withholding, will depend on your particular tax situation. My point being if your not over 59 1/2, DON'T TAKE IT OUT!! please.</p></blockquote><p></p>
[QUOTE="twoweeled, post: 2172384, member: 27108"] yeah, I could very well be wrong too, But!! I thought it was 20% withholding if you take a lump sum (which I assume that's what you want). I think if your under 59 1/2, you have the 10% penalty, in addition to the 20% withholding. That's a lot! From my understanding, that 10% penalty is a 100% loss to you. The withholding, will depend on your particular tax situation. My point being if your not over 59 1/2, DON'T TAKE IT OUT!! please. [/QUOTE]
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Pacific Coast Benefits Trust in mail, can I cash out?
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