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Can you take $$ out of a pension fund supplemental annuity plan or does it matter on what type of plan it is? |
Can you take $$ out of a pension fund supplemental annuity plan or does it matter on what type of plan it is? The individual plan may or may not allow withdraws. If it does, the plan itself will probably charge a penalty. In addition, you will pay tax on the amount withdrawn. If you are under 59 1/2 years old, you will most likely pay a 10% penalty to the IRS. If you are thinking about taking money out of ANY retirement account, you should start by contacting whoever runs the plan to see if it is even possible and what the terms of the plan are. You should take the information from them to a tax professional before actually withdrawing anything. In most cases, such a withdraw is not your best option. |
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The Pension Service provides a Pension Tracing Service ... who maintains it? corporation? or union? were you expecting to get money back? no. i suppose you could quit. how old are you? young? understandable. old? not understandable. however, t... Per SBC's 2005 annual report, the value of pension plan assets on 12/31/2005, was $48,755,000,000 while the plan obligations are $46,176,000,000. ...It will not be taxed again; however, the interest earned on it will be taxed if you haven't already paid tax on it. -MM ...yes you can get a lump sum or get it paid in to your account in your country, every month. For more detail, check with pension office, ...Here's a link on pension information. Not sure if it has what you are looking for but thought I would post it anyway, just in case. Good luck in your search! ...Depends on couple of things. What's your tax bracket for 1. Are you under 59 1/2? (extra 10% penalty if you are and don't meet certain exclusions). Did you roll it into something within t... The short answer to this question is you probably won't be able to if you are not an employee. The only way to do it would be to have an employee check it out for you, or to try and get the n... |
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