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BenefitsLink > Q&A Columns >

Stop, Look & Listen: Railroad Retirement Benefits Q&A

Answers are provided by Robert S. Kaufman

Can I Withdraw My Contributions To Railroad Retirement?

(Posted February 14, 2011)

Question 799: Can I make a withdrawal from my Railroad Retirement account early, so I can purchase a home?

Answer: Your payroll deductions for Railroad Retirement are Federal payroll taxes, which cannot be withdrawn by rail workers.

In this respect, Railroad Retirement taxes are treated the same way as those paid by workers covered by Social Security.


Important notice:

Answers are provided as general guidance on the subjects covered in the question and are not provided as legal advice to the questioner or to readers. Any legal issues should be reviewed by your legal counsel to apply the law to the particular facts of this and similar situations.

The law in this area changes frequently. Answers are believed to be correct as of the posting dates shown. The completeness or accuracy of a particular answer may be affected by changes in the law (statutes, regulations, rulings, court decisions, etc.) that occur after the date on which a particular Q&A is posted.


Copyright 1997-2017 Robert S. Kaufman
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