Q.: I am a member of the New York City Fire Department Pension Fund. I have been contributing for 37 years. At retirement, what steps must I take to withdraw as much as possible from my pension (accumulated deductions) account? P.M.
A.: Step 1. Withdraw 100 percent of the "excess" in your account. Instruct the Fire Department Pension Fund to transfer, by Direct Rollover, the taxable portion of the "excess" to your NYCE pre-tax IRA and the tax-free portion of the "excess" to your NYCE Roth IRA.
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