Quote:
Originally Posted by JoelJohnson
If you do the math (I have) you get back what you put in around 5 years (or so) after you start collecting.
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Quote:
Originally Posted by Andyb
Your exactly right. Thanks for posting. It is very insulting to honest, tax paying citizens. Not to mention it’s taxed, so it’s double taxation. I’ll never receive what I and my employer has put in, back out. Our Government, especially with our current, “out of control spending” administration is a dangerous joke.
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Try this on - you get to collect tax free up to the amount you contributed into the system. Once you hit that point you owe regular income tax on any further distributions.