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Retirement tax questions
That doesn't sound right. The active duty member contributes to the annuity plan. When he or she dies, the spouse gets a benefit. If the member doesn't sign up for the annuity, they get a bigger check. So the fact is that in order to qualify for the plan someone is donating to the fund. Bottom line-TURBOTAX needs to get correct with this and come up with a straight damn answer. The military told ACDU that the pension was "deferred compensation" which would suggest that it was owed for services rendered (i.e. contributions to the plan). Also, if you contribute a portion of your retirement in order to get an annuity for a spouse, you're, again, CONTRIBUTING to the plan. This is what we pay all this money for? Lousy/No advice?
‎June 7, 2019
3:08 PM
7,875 Views