Tax Question regarding Pensions, Annuities and Income?

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Pensions
Hazel asked:


Hi there…I think I have been doing our taxes incorrectly for the last couple of years.

We have one income, my husbands. He has been putting money into a pension and an annuity. Shouldn’t I have received a form from the bank that holds these two accounts saying what he put in there for the year of 2007? And if so, wouldn’t that bring my gross income down for the year, perhaps making my refund even larger?

Bartolome

Comments (1) Oct 08 2008

How do you guys feel about Wall Street controlling your pensions?

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Pensions
Your bank belong to us asked:


“The folks who brought you the mortgage mess and the ensuing hedge fund blowups, busted buyouts, and credit market gridlock have another bold idea: buying up and running troubled corporate pension plans. And despite the subprime fiasco, some regulators may soon embrace Wall Street’s latest scheme.”

I’m gonna choke my senators if this shit goes through…
http://www.businessweek.com/print/magazine/content/08_33/b4096000769608.htm

Anna

Comments (7) Oct 07 2008

In what year did Social Security and Pensions begin to become taxed?

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Pensions
skahhh asked:


Who was President at that time? How did they get away with this double taxation? The money had already been taxed once. right? How were they allowed to tax the money again?

Hayden

Comments (5) Sep 10 2008

Are there any formulas that are used to calculate pensions?

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Pensions
Internut asked:


For example, how much will be there at retirement or how much must be contributed to get a certain amount or future value, present value, or something.

Carol

Comments (4) Aug 29 2008

do you get tax relief on earnings that are paid into pensions in america?

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Pensions
Barry S asked:


when you pay into a pension in most countries you get tax relief that is you do not pay tax on that amount is this the case in america

Nicholas

Comments (2) Aug 20 2008

address of crusader pensions in the United States of America?

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Pensions
larolu asked:


How can one apply for a job in crusader pensions in the United States of America

Hailey

Comments (1) Aug 17 2008

Can you switch pensions from one state to another?

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Pensions
Johnny Pumps asked:


I currently work in NY and I have a pension with my current position, I just accepted a position in NJ, my future company offers a pension as well, I was just wondering if I will be able to transfer the money to the new pension… I havent spoken to HR yet… I wanted to hear from you guys first.

Juan

Comments (1) Aug 06 2008

When I retire I will be receiving two pensions.How will this affect my social security?

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Pensions
Jerry P asked:


I plan to retire with a state pension at age 56.I will also collect a union pension at age 60.How will this affect social security at age 62 or 65?

Ella

Comments (6) Jul 13 2008