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Retirement tax questions
From a Google search:
"The government pays your military retirement pay to you as a pension. As a pension, it is a defined benefit plan classified as a qualified deferred compensation plan. If you receive payments in retirement from a thrift savings plan you paid into, this is a defined contribution plan, which also falls under the classification of a qualified deferred compensation plan."
https://finance.zacks.com/military-retirement-nonqualified-deferred-compensation-plan-11016.html
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
‎January 7, 2024
8:43 AM