(Topic ID: 249137)

I love the IRS !

By ralphs007

4 years ago


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  • 77 posts
  • 36 Pinsiders participating
  • Latest reply 4 years ago by mkecasey
  • Topic is favorited by 2 Pinsiders

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    52
    #1 4 years ago

    I just got a letter from my last employer. At first I thought,what the hell do they want,I've been retired for six years?It turns out that due to the IRS issuing a final regulation to the rules in the "Pension Protection Act" they have to pay me interest on my Annuity account.They're required to mirror the 30-year treasury rate,on a retroactive basis.
    What this means for me? I'll be getting a check for 16,517.83 I remember my mother telling me when I was a kid,that you should treat yourself,when you come into found money. I think she even said it was bad luck,not too.
    I've had my eye on a loaded Metallica (Pro) LED,that's HUO,and the guy is only 30 minutes from me.Hopefully,it's still available when I buy my new house. ??:I'm in the process of getting my house ready to sell,and I don't have the room now to pick up this machine. The realtor wasn't too happy when I told her my "Dialed In", has to stay in my dining room,because I have nowhere else to put it. I think she'd have a stroke,if I added another pinball machine to my dining room!
    I'd also like to pick up a "Super Chexx Pro"bubble hockey table also. Well that's my plan,and I just had to tell someone!
    P.S
    I was planning on buying the Metallica and the bubble hockey anyway,but now it seems like destiny is telling me that I have too !

    #8 4 years ago

    I already told my wife my plans,so she doesn't start dreaming of new furniture.
    I do intend to let her splurge on something ,as long as it's something for my game room,j/k.

    #11 4 years ago
    Quoted from jonesjb:

    Have you considered Jurassic Park?

    I haven't played one yet,but first I need to get a Metallica. If I get another game,I won't be able to share the wealth with my wife.
    She'd probably understand

    #13 4 years ago
    Quoted from Gritty:

    Nice! I think Colson just raised his asking price.

    I'm not getting my hopes up,that he'll still have the game when I'm ready. But if he does, that'll be nice!

    #15 4 years ago
    Quoted from Steve_in_Escalon:

    Before you spend it all, make sure you don't have to pay any taxes...

    I will have to pay taxes,just like I do when I make a withdrawal from my IRA. I always leave 15% of the amount I withdraw,in my account,so that the taxes are prepaid, that way, I don't have to come up with the money April 15. But thanks for the heads up.

    #18 4 years ago
    Quoted from cottonm4:

    How is this again? I retired in 2014. Is there any chance I could be looking for a nice shot like this?

    Did your employer pay into an annuity for your retirement?

    #31 4 years ago
    Quoted from mkk629:

    Bubble Hockey is a nice companion to pinball. Only negative is you definitely need two players[quoted image]

    I do have mixed feelings about getting a bubble hockey game. The only time I'd play is when my son in law came over.

    #33 4 years ago
    Quoted from poppapin:

    Congrats!! I see 2 NIB pins in your future...

    Not so sure about two NIB games. I'm going to give the HUO option a try. My thinking is, hopefully,most of the bugs and dialing in/tweaking of the game will be done by the last owner.

    #36 4 years ago
    Quoted from mkk629:

    There should be a lot of Flyer fans near you that would come over to play.

    My niece and nephew enjoy playing my table version,when I bring it to family picnics,so I got that goin for me.

    #38 4 years ago
    Quoted from Gritty:

    Nice! I think Colson just raised his asking price.

    If I can't get his machine,I'm thinking about a Metallica LE/Premium. I played one at the 2018 Allentown Pinfest,and I really liked it! Hopefully,I can find one within driving distance.

    #59 4 years ago

    After reading this whole thread,I'm too depressed to buy a new pinball machine.

    #66 4 years ago
    Quoted from dmacy:

    Get your family a Corropolese red tomato pie because I see where you're from and thinking of one. MET Pro is a great game and sometimes miss mine too.

    I love their tomato pies,and they're always a staple at family gatherings! My brother had a whole one left at his birthday party this past June,and I turned him down when he told me to take it home. I would have eaten the thing in two days.

    #67 4 years ago

    It looks like the machine I have my eye on is probably history. I'm also interested in a Metallic Premium LE if I can find a HUO locally. If I can't find a used one,I was wondering if the Metallica Premium is still being produced,or is it just the Pros that are still in production?
    Thanks in advance
    P.S
    Is it okay to pm someone who has their game listed in the archives as no longer for sale? I figured it might be worth a shot incase they changed their mind.

    #70 4 years ago
    Quoted from freddy:

    thats what PM's are for

    Thanks

    #76 4 years ago
    Quoted from Atari_Daze:

    Hold on to it until next year when the IRS will hit you for the extra "earned" income penalty.

    Nothing is free.

    I'm going to roll it over into one of my IRA's, and if I find a machine that I want,then I'll withdraw the amount needed. I'm hoping that my house will be sold,and I'll be in my new house late fall or early winter.Until that happens, I can't buy a new pinball machine.My realtor already hates my Dialed In machine,parked in my dinning room.
    I know I'm going to pay taxes on it, it's no different than when I withdraw money from my IRA now. I also watch how much I take out every year,so that I don't jump into a higher tax bracket.My brother is a CPA,so he keeps an eye on me.
    P.S
    Maybe I should turn the money down,so I don't have to pay taxes on it?

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