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re: Question about a pension plan and income during retirement
Posted on 1/8/21 at 2:50 pm to tigersint
Posted on 1/8/21 at 2:50 pm to tigersint
I’m not a money expert, but I have both a pension and 2 different deferred Comp plans. I am retired and the money that I withdraw is taxed at my current tax rates. In fact, one of the deferred plans automatically withholds 20% of the amount withdrawn for federal taxes. I wish I had put some of the money during my working years in a Roth. Hope that helps.
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