Welcome Guest. Register Now!  

LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 11-06-2015, 08:23 PM
Junior Member
Join Date: Nov 2015
Posts: 1
Retirement Partial Lump Sum Distribution

I am enrolled in a defined benefit retirement plan. I will retire next year at age 56. My employer will offer me a partial lump sum distribution option for $124,000, which can be directly rolled into a qualifying retirement investment account of my choosing. Taking the lump sum will reduce my monthly benefit by $600 a month for life. Could use some tax advice if I would be better off taking the advance and investing the money in an IRA or declining the advanced payment. Folks at work seem split on the issue.

Thanks for any assistance

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
lump backpay question barnesed05 For 2013 1 04-09-2014 09:04 AM
IRA Distribution for retirement credit purchase amyri IRA/Sep 1 10-16-2013 10:32 AM
What are the Required Minimum Distribution rules for beneficiaries of retirement accounts? TaxGuru IRA/Sep 0 12-20-2011 11:33 AM
How much time do I get before I have to rollover my retirement distribution? mongrel IRA/Sep 2 03-02-2008 09:41 PM
How long do I have to roll over a retirement distribution? Kathy IRA/Sep 2 08-22-2007 09:45 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 » Income
 » IRA/Sep
 » Medical
 » Payroll
Forum for CPAs
Financial Planning