Employee Benefits

Lump-Sum Distributions

An employee can choose to take a retirement plan distribution in a lump-sum or in the form of an annuity. Lump-sum distributions can take on several formats, and the employee may be faced with several choices, as follows:

  • Pay the tax immediately upon the distribution, and possibly be eligible for 5-year or 10-year income averaging; or
  • Roll over part or all of it into an IRA...

 

 

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