Homework Questions? Ask a Tutor for Answers ASAP
HiThank you for using this siteIs this at math/stat tests? please upload the complete set of questions. Also please tell what are the specific topics. please reply asap. Thanks
ah ok,I am sorry, I will opt out so that other experts can immediately help you (since I am a math expert) Do not worry, Many experts on emplyment law will surely help you asap. Thanks
Your lump sum paperwork should have a place to choose lump sum roll over to an IRA.
If you DO roll over, then the dollars are taxed the same way (taxed as regular income when pulled from the IRA) and the early retirement FOR IRA's is age 59 and 1/2 (for that additional 10% penalty to apply).
The best option will depend on how quickly you might want to use the dollars
If you're thinking of taking some or all in cash, I can run the numbers on the tax cost for you... but I would need to know (1) How you file (joint, single, etc.) (2) Other household for the year you take the distribution and (2) number of dependants
Yes, so sorry, Was in the middle of an answer to someone and the system just took me here and I hit the submit button before realizing I had moved to another question
so sorry I'll opt out