Understanding Your 1099-R

 

 

Now that your 1099-R has been mailed, and is also available for download from your myLAGERS account, you may be wondering what all those crazy boxes mean.  Here is a simple summary of what’s in your 1099-R!

Tagged 1099, Retirees, taxes

Attention Retirees - 2018 1099 Tax Forms available on myLAGERS

Your 2018 1099 is now available through myLAGERS.

Log on and download yours today!

Go To myLAGERS

 

instructions for download:

To access your documents, log on to your myLAGERS account and click the 1099-R Tab on the left hand navigation bar.

If you received a Partial Lump Sum  (PLUS) distribution in 2018, you will have a separate 1099-R for that distribution. 

A hard copy of your 1099-R will be mailed by January 31. Please remember to allow time for normal U.S. Postal Service delivery.

If you have  questions or need assistance logging on to your myLAGERS account, please call our office at 1-800-447-4334.  During periods of high call volume, if your call is not answered immediately, please leave a message and your call will be returned promptly.

**Please note that myLAGERS will be temporarily down for part of the day  on Friday, January 25, for regular monthly maintenance.

You may need Adobe Reader in order to download and view your 1099. Download Adobe Reader here.

Don't forget to visit our website for more information on the taxation of your LAGERS benefits as well as an explanation of what each box on your 1099-R means. Click here to visit our taxes page now!

Changing Your Tax Withholdings:

You may be choosing to have LAGERS withhold taxes from your monthly benefit. However, you have the flexibility to change these withholdings as your tax situation changes throughout retirement.

You can change your tax withholdings through your myLAGERS account or you can complete a new tax withholding form online through the LAGERS website and send it back to the LAGERS office.

Tagged 1099, taxes

Top LAGERS Blogs of 2018

Time to look back and see what was popular on the blog with our readers. There's a lot of good information in these posts for you about retirement and your LAGERS benefit - that's why they're so popular! Read on for the top 5 LAGERS blogs of 2018.

Tagged COLA, taxes, early retirement, Retirement Process

Back By popular Demand - Let’s talk taxes…

This post, originally published in 2016, still has some great information in it about taxes.

As if winter isn’t dreadful enough for those of us warm-weather lovers, at this time of year another certain unsavory topic is likely to preoccupy our thoughts—taxes. You know, that necessary evil that everyone wishes wasn’t so painful? Since it’s on all our minds though, we thought we’d talk about a few of the common tax issues that come up regarding your LAGERS benefits.

Tagged exemption, 1099, disability, Employers, Members, Retirees, taxes

From Our Members - Is the 4% contribution withdrawn from my paycheck after taxes?

 This is the third post in our new series, based on members' real questions to us.

Tagged Contributions, Funding, taxes, Retirement, Retire

Your 1099 Decoded

1099's are now available to download from your myLAGERSaccount. We will mail paper copies to everyone on January 31, so keep this blog post handy as a reference to decoding the taxation of your retirement benefit.

Tagged 1099, taxes, Taxpayers

Let’s talk taxes…

As if winter isn’t dreadful enough for those of us warm-weather lovers, at this time of year another certain unsavory topic is likely to preoccupy our thoughts—taxes.  You know, that necessary evil that everyone wishes wasn’t so painful?  Since it’s on all our minds though, we thought we’d talk about a few of the common tax issues that come up regarding your LAGERS benefits.

Tagged exemption, 1099, disability, Employers, Members, Retirees, taxes

What to Expect During Your First Year in Retirement

Tagged 1099, COLA, Members, Partial Lump Sum, PLUS, Retirees, Retirement, taxes

The Top 5 Questions on LAGERS Retirees’ Minds

Tagged Members, PLUS, Re-employment, retiree, Retirees, Retirement, Security, taxes

Contact LAGERS

1-800-447-4334
M-F: 8:00 a.m. - 5:00 p.m.