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Federal Retirees


For those approaching retirement as well as the currently already retired, here is a forum to share ideas and thoughts and exchange questions and answers.


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Ar509  
#1 Posted : Sunday, May 31, 2020 10:03:27 AM(UTC)
Ar509

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I am retiring in a few months (after 30 years)and will likely receive around $1500 to $1600 in my federal pension, not including the supplemental.

A certain percentage of that is supposed to be tax free since I paid post tax dollars on the 0.8% and my military buyback as well. This is what yused to be called the old 3 year rule, or now the general rule.

Can anyone , especially retirees, give me an idea of of how much of their annuity is tax free?
kaljor  
#2 Posted : Sunday, May 31, 2020 10:41:49 AM(UTC)

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When I retired there was a figure on my check stub in the lower right corner that showed my total contributions to the pension. That figure is the tax free amount and it's spread over 30 years. The figure may not match exactly your final total, but it should be close enough for a good estimate.
thanks 1 user thanked for this useful post.
Ar509 on 5/31/2020(UTC)
postalvet  
#3 Posted : Monday, June 1, 2020 1:16:52 PM(UTC)
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Originally Posted by: Ar509 Go to Quoted Post
I am retiring in a few months (after 30 years)and will likely receive around $1500 to $1600 in my federal pension, not including the supplemental.

A certain percentage of that is supposed to be tax free since I paid post tax dollars on the 0.8% and my military buyback as well. This is what yused to be called the old 3 year rule, or now the general rule.

Can anyone , especially retirees, give me an idea of of how much of their annuity is tax free?


when you get your 1009 at the beginning of each year it will tell you the tax free amount.

some try to figure it out, but why, when OPM does it for you.
remember you read it on an open forum


Don't be ashamed to call out the insults


trump lost


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