Dear Quentin, When I leave my job, would I be better off taking a $61,000 lump sum to roll over into an existing IRA or, ...

Some companies want to limit their pension obligations by offering employees a one-time payout. Here's what you should ...

Here are the beginning and ending dates of leave years and optimal dates to maximize annual leave payments for 2023-2030: Jan. 1, 2023 to Jan. 13, 2024 FERS: Friday, Dec. 29, 2023 through Sunday ...

For the past couple of weeks, we’ve been looking at issues around the end of the leave year and lump sum payments for unused annual leave. This week, we’ll hear from two readers who retired at ...

A lump sum payout of $215,000 for the island's chief medical examiner's unused leave and other benefits will mean a new medical examiner and the existing staff can't be paid.

Continue reading → The post How to Avoid Taxes on Lump Sum Pension Payout appeared first on SmartAsset Blog. When your pension matures, there are multiple distribution options that you can ...

When I leave my job, would I be better off taking a $61,000 lump sum to roll over into an existing IRA or, instead, take $355 a month for life? I'm 49 and have no debt except for a mortgage with ...

With your lump sum payout in a Traditional IRA, you can convert all or some of the money into a Roth IRA. While you may pay taxes on the conversion, all future earnings and withdrawals are tax-free.