Sentences with phrase «lump sum distributions of»

The court may also direct the employer to withhold any periodic or lump sum distributions of income which may be payable to the obligor in addition to regular income until further order of court.

Not exact matches

According to the Boston College study, in 2010, 45 percent of workers who took a lump sum distribution from their 401 (k) when switching jobs did not roll over the money to an IRA, simply cashing out the account and paying taxes on the distribution.

If an individual adopts an NUA strategy and takes a lump - sum distribution of the employer stock, he will owe income tax on the $ 40,000.

However, for participants who have large amounts of appreciated company stock, it may be more beneficial to take a lump - sum distribution of company stock instead because it allows them to pay taxes now at a lower rate.

Distribution — The payout phase of an annuity comes when the accumulated value is distributed — either via a lump sum or a series of payments over time.

As a lump - sum distribution, the PLOP is fully taxable, unless it is rolled over to a qualified plan or IRA and, like monthly benefits, may be subject to court orders, such as division of property orders and support withholding orders, if applicable.

A lump - sum direct rollover distribution whereby all accrued benefits, plus interest and investment earnings, are paid from the participant's account directly to an eligible retirement plan as defined in s. 402 (c)(8)(B) of the Internal Revenue Code, on behalf of the participant;

Hands up if you diligently calculate your portfolio return at the end of the year, including not only dividends and distributions, but also lump - sum contributions (or withdrawals) on a dollar - weighted basis to reflect the date and sum of those transactions.

In 2010, the DOL noted that defined contribution (DC) plan sponsors offer no promise about the adequacy of a participant's account balance at retirement or of the available income stream, and that DC plans typically only make lump sum distributions available.

Lump - sum distribution: A distribution of a participant's entire balance from an annuity or from all of an employer's qualified pension plans in one year.

During the distribution phase of the contract, an fixed annuity can be converted into a series of income payments for your entire lifetime, over a set time period — or one lump - sum payment.

During the distribution phase of the contract, a fixed annuity can be converted into a series of income payments for your entire lifetime, over a set time period — or one lump - sum payment.

During the distribution phase of the contract, a variable annuity can be converted into a series of income payments for your entire lifetime, over a set time period — or one lump - sum payment.

A type of individual retirement account that you fund with a lump - sum distribution from your IRA, employer's retirement plan such as a 401 (k), when you change jobs or when you retire.

«As an alternative to the monthly annuity benefit these plans are required to offer... DB plans added lump sum distributions, often as a means of encouraging early retirement initiatives that became popular in the 1990s.

The after - tax amount available is in the form of lump sum distribution after the deduction of federal taxes and the original investment amount in a 32 % tax bracket.

You can elect to withdraw the assets as a lump sum and be taxed on the entire value of the fund or you can set up a minimum distribution schedule based on your life expectancy.

KEMBA offers Traditional and Roth IRAs so you can take advantage of tax savings, supplement your 401 (k), or combine previous 401 (k) s for greater returns; we are pleased to accept rollovers, transfers and lump - sum distributions from qualified retirement plans.

The EBRI research notes that the percentage of lump sum recipients who used the entire amount of their most recent distribution for tax - qualified savings has increased sharply since 1993.

Pension plans may only be terminated if the plan still maintains enough funds to pay 100 percent of benefits to employees through the purchase of an annuity or lump sum distribution.

These mortality tables are also relevant to determining the minimum required amount of a lump - sum distribution from such a plan.

Participants who qualify for distribution may receive a single lump sum, transfer the assets to another qualified plan or individual retirement account, or receive a series of specified installment payments.

On distributions, no one, not even professionals, are good at managing a lump sum of money to provide a stream of income.

The advantage of a lump - sum distribution is that you can spend or invest the balance as you wish.

If you decide to take a lump - sum distribution, income taxes are due on the total amount of the distribution (except for any after - tax contributions you've made) and are due in the year in which you cash out.

The research indicates that when DC plans offer distribution options alongside a one - time lump - sum benefit payment, a good number of retiring plan participants are interested in, and take advantage, of these options.

The personal financial data required may include annual income, current values of and annual additions to investment assets, anticipated retirement expenses, and expected values of future assets such as lump sum distributions from pensions or inheritances.

You may be offered a choice between taking a lump - sum distribution from your retirement plan or accepting a series of monthly checks.

If the income is shared to pay alimony, then it might be unfair to divide the lump sum value of the practice in equitable distribution (which would be a double dip).

Distribution — The payout phase of an annuity comes when the accumulated value is distributed — either via a lump sum or a series of payments over time.

The heirs - If the insured will die, the heirs can opt to receive benefits through cash distribution, tax - free income death benefit and lump sum over specific span of time.

d) Decreased Term Assurance (Family income protection): This is another unique option where the sum assured would be reduced during the policy term and during the death of insured, the nominee would get either regular monthly payments or can opt for lump sum payment which is available for distribution based on decreased term assurance policy.

A lump sum of money is invested while the testator is still alive to generate income, and the distributions then go to the charity.

Lump sum payments, assumption of debt, a distribution from assets, paying third parties (such as the mortgage bank) on behalf of the recipient spouse, are some of the creative ways alimony can be managed.