Originally Posted by
UALinIAH
Unfortunately the IRS doesn’t currently agree with you. It would be great if it changes and you can pay your taxes on that money but for not it’s not allowed. I posted the link to the ALPA R&I Q&A page on it.
Btw you had a sillly argument. If you and your wife sadly die immediately after retirement then who cares? Your entire estate that was built up to live your retired life goes to whoever you want and the small RHA goes to your fellow pilots.
Not silly in the least as its monies, (in my case $100,000+), that I could have invested and left to my heirs. Why does Delta pay theirs out as taxable income after the fact or is that "silly" as well?