Docutech Community

 just received a personal e - mail from pcb0960 saying her settlement money was coming in handy because she was the primary breadwinner now . suggested she contact other members of xertech if she has any low / mid volume copy machine problems because since i retired i'm not current on the present problem sets with those machines . and i'm sure others here are more up to date than i am .

and as a reminder , if you send me a personal e - mail , i will respond on that forum unless you request that i keep your e - mail and my reply private . i feel keeping these public educates everyone .  

 I just got my check from Berger Pension on Saturday. I didn't want to count on it until it was in my hand.

I left "mother X" in 1994 on the VRIF.  I never did feel that my tally matched theirs. Looks like I was right.

To those still waiting. It looks like the check writing machine is finally running.    

 formertech ,

i absolutely agree with you about wishing those who are still employed by the big X the best in getting to their retirement age . i felt it was dicy with my retirement until just months before i left . i saw alot of friends laid off .

good luck in not having to fill out another resume . hope your retirement plans work . it's sweet after you're there and worth all the effort .  

 
 Guest_ Ilion ,

  your friend's experience is normal when withdrawing money from a deferred account before age 59 1/2 . because the check was already cut in his name and the funds distributed to him , he cannot roll that money into a i.r.a. now . this is known as " a day late and a dollar short " .  

  you are correct that he can that he can come up with his own money ( to cover the full amount ) and then file his taxes and wait until next year to settle up this mess . i suggest that your friend get together with a really good tax person to make sure this gets done right or it could get worse if your friend isn't careful .    

 wow . congradulations xtrain  :rolleyes:  . and you did the exact right thing by rolling it over to not pay ANY taxes now and to protect ALL your options later . not sure i personally agree with a annunity , but in certain instances they are a possibility . but that's for each investor to decide for themselves .

  and if invested correctly , you can figure a DOUBLE every 7 to 10 years or so . i actually pulled a double in as little as three years durning the secular bull market days of the 90's . and going forward in these difficult market conditions , pulling a double will probably take longer . so your $22k can turn to $44k and then to $88k and possibily to $176k before you join that last xerox repair team .

  appreciate your sharing your personal numbers with us xtrain cause it gives others the educational benefit of your success and investing savy . you did much better than Guest_Ilion's friend as a example of " what not to do "   :blink:  when you are presented with such a sum of money .