olroadbeech
Happy Verified UPSer
My goal is to collect the pension longer than I worked for UPS. I think that is going to be easy as my people on both sides of the family lived into their nineties. My Dad collected his pension for 35 years.
Retirement side hustle and tax right off
- Thread starter onehandsolo
- Start date
Off the leash
Well-Known Member
Do you think he’s a jerk? Or asking him for one?
Off the leash
Well-Known Member
Nice
Off the leash
Well-Known Member
They still restrict them. If they don’t comply you can only work 80 hours a month. Even the geographical location matters!
Lineandinitial
Legio patria nostra
Hey....I'm just questioning what is clearly obvious..
A retired person that's been gone as long as you claim (in some cases) don't refer to where they used to work as "their Hub"...
It's funny that you call me a jerk....
I suppose I should return the comment and call you a dirty skank??
olroadbeech
Happy Verified UPSer
congrats. you just joined the lowest common denominator class at BC.
your mother will be so proud!!!
At least he is in a liar...
Lineandinitial
Legio patria nostra
She/he's a "Happy Verified UPSer" or retired, or not retired, or retired, or not retired, or retired, or not retired......
"Verified" to be full of
Brownslave688
You want a toe? I can get you a toe.
That’s what it’s there for.
55 is a little bit early to start withdrawing.
And depending on your state's rules you may have to pay income tax on it if you take a distribution before 59 1/2
Brownslave688
You want a toe? I can get you a toe.
More holes in her story than a slice of Swiss
Off the leash
Well-Known Member
I know I am
Off the leash
Well-Known Member
And she’s dead anyway
Lineandinitial
Legio patria nostra
If you are referring to a 401k, there's a 10% penalty on top of the Income Tax unless you prove some sort of Hardship.
That is incorrect. If you were tired from your employer in our 55 years of age and older you can withdraw from your 401k as long as you're not move it to an IRA
What Is the Rule of 55?
The rule of 55 is an IRS provision that allows individuals age 55 or older to withdraw funds from their 401(k) without penalty. Learn how the rule of 55 can impact you.
Lineandinitial
Legio patria nostra
OK, I thought the context was retirement and working versus not working.That is incorrect. If you were tired from your employer in our 55 years of age and older you can withdraw from your 401k as long as you're not move it to an IRA
What Is the Rule of 55?
The rule of 55 is an IRS provision that allows individuals age 55 or older to withdraw funds from their 401(k) without penalty. Learn how the rule of 55 can impact you.www.thebalance.com
I'm the saying there's a way to get your money out before 59 and a half without the penalty if you decide to retire early
Unless your goal is to die with the most money..
Off the leash
Well-Known Member
Down here that’s a compliment
What'dyabringmetoday???
Well-Known Member
It's not the same with each fund.
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