At the company I retired from a year ago, the fully vested time was 6 yrs but it was progressive during those 6 yrs. Also had a policy that the only way you could get at it was to either reach age 62 or terminate employment. If you terminate employment they had a full year in which to give it to you, and used every bit of it. If you retired or just requested it at age 62 it took about a week. You could keep working and still draw it all out and roll it over without paying tax. I got mine out as soon as possible and rolled it over into my own IRA. By law they could make their retirement age where ever they want. Government sets min at 59 1/2 but there is no maximum. It's completely up to the individual plan what age they choose to let you have it. I get to laugh last because at my present retired income level, I can draw out $10,000 a year and owe no income tax on it, which I will do just to get it out. It draws less than 2% int and no one is going to use my money for free. Yes they will make it a PITA whenever they can.
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Today's Featured Article - What Price Enthusiasm? - by Anthony West. Quite frankly, for some time now restorers like myself have become more and more concerned about the rapid increase in the prices of old farm machines here in England. There is now a growing market for "As found" machines. Which as machines get rarer, has found the birth of a new industry....one of the "procurement agent". These agents appropriate as much old machinery as possible then inflate prices at auctions. So at what price enthiusiasm? We are now seeing poor machines which 3 years ago ma
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For sale Farmall super A tractor is complete and has just been setting for awhile,it was running when pulled out of the barn,shouldn’t take to much to get it going asking 1100.00
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