60, Married still working and don't plan on retiring any time soon. Previous employer offering a $26K pension payout or a very modest $130/month annuity payments for rest of life. We are in good shape, wife still works and together we gross around 200K/year. We have a minimal amount of consumer debt which would be eliminated with a lump sum payout. I'm confused by the tax hits, although I would guess the 10% penalty would not apply for early withdrawal since I'm over 59 1/2. All I'm faced with is the withholding taxes at distribution right? What's that 30%?
Submitted August 27, 2019 at 11:31PM by desertcelt https://ift.tt/2PjizSH
