|
Hi Folks,
I have a question regarding my mother's pension that I hope you can help her with. She is 59 and still working. She plans to work until at least she is 62, possibly even later.
She has an old-fashion pension from a former employer that will ...
Started by JeffMor on
, 21 posts
by 15 people.
Answer Snippets (Read the full thread at morningstar):
If the plan could average just a 7% annual investment return, the present value (lump sum) would:
Lump Sum/Annual Annuity = 17.77
I've personally audited my company's pension plan calculations value of $196,....
|
|
This is an off the wall question, but I'm kind of going around in circles trying to figure out an answer. A plan participant named a tax-exempt organization as a beneficiary. The plan paid the distribution as a lump sum. Since it was an eligible rollover...
Started by Carol V. Calhoun on
, 4 posts
by 4 people.
Answer Snippets (Read the full thread at benefitslink):
Since it was an eligible rollover distribution, the plan withheld: Should the plan have withheld? While it might be common sense that a distribution to a tax-exempt entity....
The distribution as a lump sum.
|
|
I have a client/friend who has a 401k for his employees and a former employee who left 850 days ago has $100,000 in the plan still just received all of the Distribution Notices and Rights from the Employer on what they can do with the money a little late...
Started by MEGK on
, 15 posts
by 8 people.
Answer Snippets (Read the full thread at benefitslink):
At any rate I'm curious why the OP's friend didn't request days ago has $100,000 in the plan still just received all of the Distribution Notices and Rights must also describe the consequences....
plan with no lump sum option.
|
Ask your Facebook Friends
|
On Tue, 10 Feb 2009 14:22:27 GMT, "Michael B." <mystic02remove_this_part@verizon.net
I am pretty sure of the answer, but want to make sure by asking the folks
here.
If a person (over the age of 65) officially retired from a full-time job on
1...
Started by Michael B. on
, 10 posts
by 5 people.
Answer Snippets (Read the full thread at omgili):
The lump-sum distribution form does the ten-year averaging....
Mystic02remove_this_part@verizon.net
A Lump Sum distribution is a once in a lifetime occurrence distribution of some or all of what's left over.
|
|
"Warning! Axa Sun Life and other over-50s plans (but don't just cancel if you've got one)"
Started by MSE Helen on
, 17 posts
by 11 people.
Answer Snippets (Read the full thread at moneysavingexpert):
So, as Bob is currently 65, if he reaches live to be 105, you will receive the lump sum with NPV of £1381, but you will have paid premiums be as the shares pay a distribution....
132 months divided by 12 = 11 years.
To his lump sum.
|
|
A plan with a lump sum provision becomes restricted and the participant wants to receive a lump sum benefit.
May the plan state that the lump sum election is irrevocable, so that when the plan becomes unrestricted the unpaid portion is then paid as a ...
Started by AndyH on
, 6 posts
by 4 people.
Answer Snippets (Read the full thread at benefitslink):
While I'm not an attorney, sounds okay so long discretion that affects ... .
The participant would elect lump sum payment with the understanding that monthly payments will be made until such time as the lump sum could be paid.
|
|
What to do with a retirement plan from an old job When leaving a job or retiring, workers are faced with the question of what to do with their existing plans. Unless it is absolutely necessary to withdraw the funds (and subsequently pay income tax and...
Started by TrueVine on
, 3 posts
by 2 people.
Answer Snippets (Read the full thread at christianpf):
In all other ....
I loved the funds I was in and wouldn't be able to invest in those same funds again on my own due to minimums required by that fund family .
I left my last 401K with my employer for one reason alone .
Joshua,
Good research on your article.
|
|
My daughter will receive 380.00 a month at age 65 as of this date. She is currently 44. Her life expectancy is 82. What is a simple way to figure her current value?
Her ex will be receiving 1470.00 a month. He is currently 50. His life expectancy is 7...
Started by kbisles on
, 7 posts
by 5 people.
Answer Snippets (Read the full thread at morningstar):
Thanks, Ken
Ball park figures are:
Daughter: Monthly pension at 65 will be worth a lump-sum: Monthly....
In the area where she lives, ask the actuary to help determine the lump-sum value of the pensions, and ask will be appreciated.
|
|
Rats, I just lost everything I typed and need to do this over...
i hope I picked the right forum to post this crazy question. Db plan (which i don't work on, I just do DC stuff) had a plan term date of 12/1/11. The trustees had intended to move the assets...
Started by doombuggy on
, 7 posts
by 5 people.
Answer Snippets (Read the full thread at benefitslink):
The Trustees can't just distribute....
The Trustees can't just move the money to a MP plan be given whatever options are available (lump sum, annuity, rollover, etc...).
Are available (lump sum, annuity, rollover, etc...).
|
|
On Fri, 20 Mar 2009 12:25:50 EDT, "Gene Bleuler" <eugen@nut.net
MY MIL who recently died had purchased a Value Plus Fixed Annuity many years
ago investing --$15,000. As executor, I liquidated it at its current value--
$70,000 and am looking at...
Started by Gene Bleuler on
, 5 posts
by 4 people.
Answer Snippets (Read the full thread at omgili):
Based only on....
Some clue might that to hint that it's a qualified plan?
--
Paul Thomas, CPA
Watkinsville, Georgia
--
<<$1@news.albasani.net...
Bleuler" <eugen@nut.net
As Gene said, it's probably not a qualified plan.
|
