lump sum Also found in:Dictionary,Thesaurus,Financial,Acronyms,Encyclopedia,Wikipedia. Medspeak-UK A one-off payout that one receives upon retirement with the NHS, which is equivalent to 3 times one’s annual pension. Medspeak-US A one-time payment—e.g., from the 401(k) plan made to ...
Related to lump-sum: Lump-Sum Taxlump sum Medspeak-UKA one-off payout that one receives upon retirement with the NHS, which is equivalent to 3 times one’s annual pension.Medspeak-USA one-time payment—e.g., from the 401(k) plan made to a worker’s beneficiary in the event of ...
pension payments should align with your personal goals for your retirement. If you're not sure which option is best for you, consider speaking with a financial advisor to see whether a lump-sum or regular payment schedule is the best strategy for you....
He even talks about his retirement payout in scientific terms: "This is my savings," he says. "It is an irreplaceable resource."So, after 30 years of testing plane systems, Petrocelli is turning his analytical skills to that lump sum. The money comes from an investment plan at the ...
What Is a Lump-Sum Payment? A lump-sum payment is a monetary sum paid in one single payment instead of allocated into installments. Lump sums are commonly associated withpension plansand other retirement vehicles, such as401(k) accounts, where retirees might accept a smaller upfront lump-sum...
A lump sum payment is a one-time payment for the total amount of an insurance policy benefit, legal settlements, inheritances, lottery winnings, or retirement plans. Lump sum payments offer the option to receive benefits in a single payout rather than in periodic payments. ...
Before you accept a lump-sum offer, you should make sure the pension calculations are correct. How would you know if there was an error which had been compounding for many years? How can you ensure that you’ll get what’s rightfully yours when retirement arrives? It’s up to you ...
Lump-sum distributions from retirement plans are desirable when their special tax savings (capital gain treatment on some, ten-year tax averaging on some) are favorable when compared with taxes that may be due if the distributions were rolled over to an IRA and taxed later. Someone who needs ...
Lump-sum distributions may be made from retirement plans, commissions earned, windfall earnings, or certain fixed-income investments. A lump-sum will typically be discounted to its net present value (NPV). A lump-sum distribution is not always the best choice for every beneficiary; for some, ...