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Pension deductions?
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<blockquote data-quote="Brownslave688" data-source="post: 2303416" data-attributes="member: 34439"><p>And yes you don't have clue. Once again lots of words little substance. You failed almost immediatly. Even Roth withdrawals before 59.5 are subject to taxes. </p><p></p><p></p><p>Also you failed on giving any tax advantage. The pension is taxed as income just like my 401k would be. So if we had a defined contribution plan i would essentially have two 401k. One with the company's money in it and a Roth with my money in it. EXACT SAME SCENARIO YOU LISTED. The difference is instead of being forced to take a 5k a month payment every month I have the freedom to do what I choose with the money. </p><p></p><p></p><p>Personally I would buy high divedend stocks and live off of the divedends. So not only am I not touching my principle I'm reducing my tax burden and paying capital gains only. </p><p></p><p></p><p>The only place you have me is retiring at 50. While that may be a common occurance in the WC. I can assure you going before age 57 is a very rare occurance for the rest of the country.</p></blockquote><p></p>
[QUOTE="Brownslave688, post: 2303416, member: 34439"] And yes you don't have clue. Once again lots of words little substance. You failed almost immediatly. Even Roth withdrawals before 59.5 are subject to taxes. Also you failed on giving any tax advantage. The pension is taxed as income just like my 401k would be. So if we had a defined contribution plan i would essentially have two 401k. One with the company's money in it and a Roth with my money in it. EXACT SAME SCENARIO YOU LISTED. The difference is instead of being forced to take a 5k a month payment every month I have the freedom to do what I choose with the money. Personally I would buy high divedend stocks and live off of the divedends. So not only am I not touching my principle I'm reducing my tax burden and paying capital gains only. The only place you have me is retiring at 50. While that may be a common occurance in the WC. I can assure you going before age 57 is a very rare occurance for the rest of the country. [/QUOTE]
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