Recent content by SM4456

Yes, I was very surprise that I received a letter that has of August 2023 that my pension transferred to Athene Annuity. So yes, it can happen.

"That's where we get the K-cups for the coffee maker. We always use the coupons." +1 I will not buy anything w/o a coupon in BB&B - and will just weigh the difference of the 20% vs 10% or look elsewhere - another good thing comming to an end

Thank you Frayne that is a good point "the money I am considering taking out was never tax deferred to begin with" I will check with my 401K administrator. The first guy I spoke with at Fidelity did not leave me with a warm and fuzzy feeling. He was not sure when I asked him the question and...

Back to the original question the post tax money is not in excess if they make a check out to me will I pay a 10% penalty because of my age on the $13,700

I want to thank everyone for there responses, but I am not sure what "over funded" means in this instance. The money was put in prior to 1986.

I am 50 years old and took a Retirement Incentive Offer due to the selling of my company. I’m getting ready to roll over my 401K into my IRA. I have $13,750.00 in after tax contributions. If I have that portion sent to me in a check will I have to pay the 10% penalty?