Question
Ed, age 67, retires and receives a $1,300 per month annuity from his employer's qualified pension plan. Ed contributed $84,000 to the plan prior to
Ed, age 67, retires and receives a $1,300 per month annuity from his employer's qualified pension plan. Ed contributed $84,000 to the plan prior to his retirement. Ed would report how much of the annuity in income each month?
a.$ 900
b. $ 950
C. $1,300
d. $ 400
e. None of the above
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Own Your Money
Authors: Michela Allocca
1st Edition
0760381127, 978-0760381120
