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	<title>New answer on: What Is Basis In Retirement Plan?</title>

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		<title>By: David Pipes</title>

		<link>https://insurancelibrary.com/retirement-plans/what-is-basis-in-retirement-plan</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Wed, 05 Mar 2014 22:51:49 +0000</pubDate>

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		<description><![CDATA[The term &quot;basis&quot; means the sum of your personal after tax contributions.  If you have basis in an existing pension plan you will receive your basis back income tax free.  You will only be taxed on pre-tax contributions and the interest earned.  Poeple who have a non-contributory retirement plan do not have any basis in the plan.]]></description>

		

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		<title>By: Frederick Saide</title>

		<link>https://insurancelibrary.com/retirement-plans/what-is-basis-in-retirement-plan</link>

		<dc:creator>Frederick Saide</dc:creator>

		<pubDate>Tue, 21 Jan 2014 17:14:13 +0000</pubDate>

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		<description><![CDATA[Since a tax qualified plan defers taxation until money is withdrawn there is no cost basis. Or to put it another way the basis is $0. All funds coming out will be taxed as ordinary income when received. If funds are rolled over to an IRA those funds when received will be taxed as ordinary income.]]></description>

		

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