Retirees, Weigh a Pension Lump Sum Offer Carefully

Retirees, Weigh a Pension Lump Sum Offer Carefully

06/17/19

If your pension plan offers you a lump-sum payout, should you take the money and run?

Because of a recent IRS policy change, more retirees are likely to face that question in the near future. In March, the IRS opened the door for defined-benefit plans to offer lump-sum payouts to retirees who are currently receiving pension payments. That’s a reversal of a 2015 IRS announcement signaling its intent to prohibit those retiree lump-sum offers.

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