If it's a pension plan, every dollar you take out is subject to ordinary income tax because that gain has never been taxed before and the IRS wants your money,
If it's a pension plan, every dollar you take out is subject to ordinary income tax because that gain has never been taxed before and the IRS wants your money,
The difference compounded over a long period of time is a lot of money.
The system is absurd. Saving a lot of money may impact your kid's ability to get a scholarship.
They're not losing anything in the way of deductions. And their money is locked up for a long time.
© 2020 Inspirational Stories
© 2020 Inspirational Stories