What Is a Lump-Sum Distribution? A lump-sum distribution is a significant amount of money that is paid out all at once, typically from a retirement plan or pension fund. It can also refer to a large ...
Questions answered by Marc Hebert, president of The Harbor Group Inc., a registered investment adviser.Some companies are offering the option of a lump sum payment, or the option to receive regular ...
Many traditional defined benefit plans, such as final average pay plans, offer a lump sum distribution as an optional form of benefit. The amount of the lump sum distribution is sensitive to the ...
General Electric (GE) recently announced they had frozen their defined benefit plan and were offering lump-sum pension payouts to about 100,000 retirees. GE will also discontinue making pension ...
After contributing money to your retirement plan for several years, you will eventually have to take out some of that money. These distributions can go toward living expenses, a new home or any other ...
Aging hippies who once fretted about the bad brown acid going around at Woodstock should now be on the alert for another, potentially treacherous, type of LSD — lump-sum distributions. LSDs are ...
Large corporations, like Pfizer and Bristol-Myers, have long extolled the benefits of their defined benefit pension plans. However, in 2017, Pfizer finally pulled the plug on its defined benefit plan ...