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Retirement?

i have sheet metal national supplemental savings plan. when i retire do i get my accounts full balance and is it taxable?

Jan 26, 2018 by wendell in  |  Flag
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Hi Wendell,

Is your supplemental savings plan setup as a 401(k) or IRA or are you not sure? You will most likely owe taxes on the distributions. You also could most likely do a lump-sum withdrawal but it would probably make more tax sense to draw the amount over many years to keep yourself in a lower tax bracket while keeping the money invested.

I'd be more than happy to help.

Best Regards,

Brewster

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Wendell,

I'm assuming you're talking about the Sheet Metal Workers' National Pension fund? It's a unique plan and would love to go over the options with you. It depends on a few factors. Feel free to call or email.

-Rick

Rick.Solt@edwardjones.com 972.239.5630

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