Do these have any tax advantages to speak of like an IRA or 401k? Are they bankr... | Hacker News

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fishpen0 on Nov 1, 2023 | parent | context | favorite | on: IBM cancels 401k matching, replaces with proprieta...

Do these have any tax advantages to speak of like an IRA or 401k? Are they bankruptcy shielded?

jonfw on Nov 1, 2023 [–]

similar to a 401k, tax is paid when it's time to collect.

When you leave IBM, you are have the option to collect it as a lump sum or annuity (taxed as income) or to roll it into a 401K or IRA

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