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Started By
Message
re: LaToya Cantrell is cashing out her city pension. Here's how much money she'll receive.
Posted on 1/22/26 at 12:02 pm to Shexter
Posted on 1/22/26 at 12:02 pm to Shexter
quote:
here are huge taxes and penalties for early withdrawal.
10% of the withdrawal. It's not that big a penalty. Also, there's an exception if she is let go from the system and withdraws the money in the year she turns 55 or older.
1
Posted on 1/22/26 at 12:21 pm to Shexter
quote:
There are huge taxes
Yeah yeah, bet she will pay those taxes.
Posted on 1/22/26 at 12:29 pm to Shexter
quote:
Cantrell will receive a lump-sum payment of around $69,000 from her pension.
Hey, gotta buy cigs in the joint.
Posted on 1/22/26 at 12:34 pm to Shexter
And the uptown liberals just smile and re-insert their heads up their asses.
Posted on 1/22/26 at 12:57 pm to Shexter
What a sorry, pathetic excuse of a human being 
Posted on 1/22/26 at 1:00 pm to Shexter
Leave the poor lady alone, she tried her best. She is a shining light for her community.
Posted on 1/22/26 at 1:21 pm to RanchoLaPuerto
quote:
Can your convert that figure from dollars to margaritas?
I can't make that conversion, but it comes out to about 8,625 spare keys to the Cabildo apartment she was locked out of.
Posted on 1/22/26 at 1:34 pm to Bard
Does she still owe federal taxes?
Posted on 1/22/26 at 2:00 pm to Shexter
Can someone tell me this. According to her wiki page, Ray Nagin planned on turning Cantrell's neighborhood and 5 other neighborhoods into green space (I assume another name for grass lots?), but Cantrell was head of some association and went against Nagin's plans and eventually won saving those neighborhoods from being destroyed.
Her neighborhood was Broadmoor.. What would have been the better outcome? Turn those areas into green space or save the neighborhoods?
No matter what people think of Nagin, I still think he wasn't a horrible mayor in comparison. His first term he had most of the white vote so after Katrina, when most of the voters in the city were black, he made that "chocolate city" comment to appeal to his voting base. He wasn't just up there ranting saying shite just to say it. He knew what he was doing.
And what I don't get is.. He was convicted on wire fraud and money laundering, but that seems more like a requirement to be NO mayor. And for some reason people blame him for deaths after Katrina and his decision to put people in the Super Dome, but it wasn't like he had a bunch of time to prepare. I remember that morning.. I think it was Sunday morning he was on TV warning to get out if at all possible. I know the traffic was horrible getting out, but he could have only done so much with the time he had..
Luckily a storm like Katrina didn't hit during Cantrell's time in office.
Her neighborhood was Broadmoor.. What would have been the better outcome? Turn those areas into green space or save the neighborhoods?
No matter what people think of Nagin, I still think he wasn't a horrible mayor in comparison. His first term he had most of the white vote so after Katrina, when most of the voters in the city were black, he made that "chocolate city" comment to appeal to his voting base. He wasn't just up there ranting saying shite just to say it. He knew what he was doing.
And what I don't get is.. He was convicted on wire fraud and money laundering, but that seems more like a requirement to be NO mayor. And for some reason people blame him for deaths after Katrina and his decision to put people in the Super Dome, but it wasn't like he had a bunch of time to prepare. I remember that morning.. I think it was Sunday morning he was on TV warning to get out if at all possible. I know the traffic was horrible getting out, but he could have only done so much with the time he had..
Luckily a storm like Katrina didn't hit during Cantrell's time in office.
Posted on 1/22/26 at 2:12 pm to Styxion
Posted on 1/22/26 at 2:12 pm to Shexter
quote:
There are huge taxes
Like she cares about taxes...
WWL article from 2020 - Mayor Cantrell owes more than $95k in back taxes, IRS puts liens on her home
quote:
New Orleans Mayor LaToya Cantrell and her husband Jason owe more than $95,000 to the IRS for unpaid taxes, according to a liens filed against her Broadmoor home.
The current liens date back to 2013. The IRS put a liens on Cantrell’s home in 2018 for about $43,000 for taxes owed from 2013-15 according to NOLA.com/The New Orleans Advocate. Then, in 2019, another lien was filed for $31,000 in unpaid taxes from 2017. Earlier this month, the IRS filed another lien for about $19,400 in unpaid taxes from 2018.
Posted on 1/22/26 at 2:44 pm to Shexter
Posted on 1/22/26 at 3:01 pm to Shexter
Hold up!
That pig is only 54 years old?
That pig is only 54 years old?
Posted on 1/22/26 at 3:17 pm to Shexter
quote:
She's withdrawing at 54. There are huge taxes and penalties for early withdrawal.
The article says she’s cashing it out. I’m wondering if she’s doing a rollover which wouldn’t be subject to tax or penalty. I believe you can even roll over a government plan into IRA.
Even if she takes it out, she can still roll it over within a certain period of time (I believe 60 days). It sounds like she’s just cashing it out (whether in cash or as a rollover) strictly so she doesn’t lose it in the case she is convicted.
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