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PostPensions, Interest Rates, and Taxation (from Robert Schenck) (John Eipper, USA, 10/01/19 4:52 am)
Robert Schenck, MD writes:
John, your logic on interest rates looks good from my vantage point.
I am however worried about future encroachments in speeding up government taxing of pension funds withdrawals. The wish to grab out retirement money quicker (over a ten-year period vs. over a remaining lifetime expectancy) is SCARY!
JE comments: I met Bob Schenck in the summer of 2018 at Chicago's legendary Wrigley Field, and this February he sent a post about flying on the Concorde.
Bob, could you walk us through Uncle Sam's requirements on retirement funds and taxation? What does the ten-year rule mean in practical terms?