Sentences with phrase «withdrawn in a single payment»
Lump - Sum Option — A withdrawal option in which the annuity is surrendered and all assets are withdrawn in a single payment.
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A withdrawal option in which the annuity is surrendered and all assets are withdrawn in a single payment.
Not exact matches
Reverse mortgages allow homeowners age 62 and older to convert a portion of their home equity into tax - free loan proceeds, which they can elect to receive either in a single lump sum payment, monthly installments, or through a line of credit that allows funds to be withdrawn as needed.
A single lump sum withdrawal — You could withdraw your entire TSP balance in a single payment often used to pay off a home mortgage or consumer debt at retirement.