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08-19-2021, 06:02 PM
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Sage
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Join Date: Feb 2016
Posts: 17,483
Thanks: 3,061
Thanked 16,643 Times in 6,579 Posts
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Quote:
Originally Posted by Gigi3000
For those who like puzzles.....
Ok, I have decided to take it lump sum. Here's why. I don't like how shady these annunity companies are with giving out the annunity contract before hand for a complete review. It doesn't appear I'll pay more than $70,000 in taxes for 2021 year and maybe even less..and #3 is, I'm losing sleep over this and it's not worth it. And # 4 is, I have 403b inherited IRA($76,000, qualified) that the distribution has all ready been taken for 2021 so I can cash it out in 2022. I
appreciate everyone's input....I would rather live frugally to make up any loss than deal with wondering what they're doing to my money.
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Good decision. And, I think your tax will actually be less than $70K.
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