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Brown Cafe UPS Forum
UPS Union Issues
Left UPS, Can I withdraw contributions?
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<blockquote data-quote="Its_a_me" data-source="post: 5000166" data-attributes="member: 93115"><p>10% early withdrawal penalty and taxed at ordinary income rates for a lump sum payment. Meaning you might clear $300.00 from it.</p><p></p><p>As stated above best advice is to roll it over into another retirement vehicle--open an account at a low cost provider (Vanguard is my recommendation and use electronic communications to avoid fees) if you don't have one. Tell Pacific Coast Trust to ACH the funds directly to the retirement account as it will save you a lot of trouble with physical paperwork later.</p></blockquote><p></p>
[QUOTE="Its_a_me, post: 5000166, member: 93115"] 10% early withdrawal penalty and taxed at ordinary income rates for a lump sum payment. Meaning you might clear $300.00 from it. As stated above best advice is to roll it over into another retirement vehicle--open an account at a low cost provider (Vanguard is my recommendation and use electronic communications to avoid fees) if you don't have one. Tell Pacific Coast Trust to ACH the funds directly to the retirement account as it will save you a lot of trouble with physical paperwork later. [/QUOTE]
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Left UPS, Can I withdraw contributions?
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