Taking a lump-sum distribution Retirement plans are intended to provide you with income after you stop working. In most cases, you can't take your money out of an IRA or pension plan until you reach age 59 1/2, otherwise you'll pay a 10% penalty on top of ordinary ta...
Use the lumpsum calculator to estimate the final balance or compute any lumpsum-related factors, for example, the required rate of return or the necessary periods to reach a certain final balance.
Many of us will be fortunate enough to come into a relatively substantial sum of money at some point during our life – whether it be an inheritance, profit from a sale of a property or a business, a tax-free sum from your pension or a bonus. So how can you put this money to good...
Did you get a notification from a former employer offering you the opportunity to cash out your future pension, or even a pension you’re collecting now or about to start, in exchange for a lump sum amount of money?Are you trying to make sense of the numbers? Are you una...