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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="IVE GOTTA PACKAGE 4U" data-source="post: 4297016" data-attributes="member: 45051"><p>You need to open an empty IRA. There are many financial institutions to pick from.</p><p>Instead of the money being deposited into your checking or savings account it is directly deposited into your IRA.</p><p></p><p>but since you have elected to have it direct deposited into your checking account they are going to withhold taxes and if you want to put that money into and ira you have to come up with the difference in taxes.</p></blockquote><p></p>
[QUOTE="IVE GOTTA PACKAGE 4U, post: 4297016, member: 45051"] You need to open an empty IRA. There are many financial institutions to pick from. Instead of the money being deposited into your checking or savings account it is directly deposited into your IRA. but since you have elected to have it direct deposited into your checking account they are going to withhold taxes and if you want to put that money into and ira you have to come up with the difference in taxes. [/QUOTE]
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UPS Special Pension Buyout Offer - December 2016
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