Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Pension deductions?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="104Feeder" data-source="post: 2303547" data-attributes="member: 42554"><p>Where did I say to withdraw any 401k money prior to 59.5? However, you are wrong on Roth withdrawals prior to age 59.5. Only the <strong>earnings </strong>portion of a withdrawal is taxable, not the principal as you already paid taxes on that money. It is considered an "unqualified" withdrawal and you calculate the taxable portion this way: </p><p>Got it?</p><p></p><p>Apparently you do not have a decent PEER program. Even working 2.5 years longer than necessary under your plan is unbearable in my eyes. Most of our retirees leave on schedule, some stay 3-5 years after for personal reasons, and we have a diehard few who are triple-dipping. I'll take PEER 80 anyday over your scenario, which apparently puts most of your retirees in their 60's. No thanks!</p></blockquote><p></p>
[QUOTE="104Feeder, post: 2303547, member: 42554"] Where did I say to withdraw any 401k money prior to 59.5? However, you are wrong on Roth withdrawals prior to age 59.5. Only the [B]earnings [/B]portion of a withdrawal is taxable, not the principal as you already paid taxes on that money. It is considered an "unqualified" withdrawal and you calculate the taxable portion this way: Got it? Apparently you do not have a decent PEER program. Even working 2.5 years longer than necessary under your plan is unbearable in my eyes. Most of our retirees leave on schedule, some stay 3-5 years after for personal reasons, and we have a diehard few who are triple-dipping. I'll take PEER 80 anyday over your scenario, which apparently puts most of your retirees in their 60's. No thanks! [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Pension deductions?
Top