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Reply to "Help me understand my pension numbers"
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[quote=Anonymous][quote=Anonymous]Is the $200k tax free? Will you get yearly pension amount and also lump sum? Usually it's one or the other. You do say both. I'm confused.[/quote] OP here. My contribution is tax free. But the interest is taxable at ordinary income. But if I transfer that portion to a traditional IRA I won't have pay taxes (I think not sure) during the transfer. I I Leave now I have 2 options. Either cash now ($200k) or a lifetime pension of $25k at 62. [/quote]
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