Why aren't retirement checks tax free?

February 9, 2005

Date:  Sat, 29 Jan 2005
From:  Mike

Why aren't PBGC retirement checks tax free, since our company, which is now bankrupt, paid PBGC insurance premiums and insurance claims aren't taxed?

Answer

Date:  Mon, 31 Jan 2005

Hello Mike,

Not all insurance proceeds are tax-free. Life insurance and most medical insurance benefits are usually tax-free, but even life insurance benefits are occasionally taxable.

Good luck!
Mike Gray

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