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Brown Cafe UPS Forum
UPS Retirement Topics
UPS Special Pension Buyout Offer - December 2016
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<blockquote data-quote="freeloader" data-source="post: 2374318" data-attributes="member: 12163"><p>I haven't spoken to an accountant yet, but I would think that rollover options would definitely be one of the wiser choices in order to avoid the tax hit. Take the money and run (as some have said), not a very wise choice IMO, for a couple of reasons: there will be a huge increase in taxable income in a single year, and you just cashed out a significant part of what would have probably been a major source of income in retirement. Once October rolls around I'm sure all of our options will be presented to us. </p><p>Choose wisely.</p></blockquote><p></p>
[QUOTE="freeloader, post: 2374318, member: 12163"] I haven't spoken to an accountant yet, but I would think that rollover options would definitely be one of the wiser choices in order to avoid the tax hit. Take the money and run (as some have said), not a very wise choice IMO, for a couple of reasons: there will be a huge increase in taxable income in a single year, and you just cashed out a significant part of what would have probably been a major source of income in retirement. Once October rolls around I'm sure all of our options will be presented to us. Choose wisely. [/QUOTE]
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UPS Special Pension Buyout Offer - December 2016
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