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I recently retired with a 401K and pension. I can take a
I recently retired with a 401K and pension. I can take a lump sum pension or a monthly annuity. Both 401K and lump sum are above 700,000. The monthly pension option will pay my bills, but dissolves up… read more
PDtax
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Lane, after reviewing your response on April 11 RE: 1099-R,
Lane, after reviewing your response on April 11 RE: 1099-R, the question is, subject 1099-R does not indicate original amount of 401-k retirement rollover into annuity in IRA (rollover occurred within… read more
Bill
Bill
Master's Degree
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Can you answer a question regarding CalPERS retired death
can you answer a question regarding CalPERS retired death benefits? I'm starting to get monthly payments and I'm trying to figure out if there is a way to invest them in some retirement account and/or… read more
Lev
Lev
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Bachelor's Degree Equivalent
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My husband passed away last year and he had a 220,000 401K
My husband passed away last year and he had a 220,000 401K that I am the beneficiary of. I have finally done the necessary paperwork to claim the 401k but i'm not sure what would be the most tax benef… read more
DK_CPA
DK_CPA
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I have a question about s retirement accounts. he has a 401k
I have a question about his retirement accounts. he has a 401k a state retirement plan and a pension. Since I'm entitled to 50% for the 13 years we were married. How is this dispensed? Monthly or in a… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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Hello. I am looking for advice re state of Mass. Employee retirement
Hello. I am looking for advice re state of Mass. Employee retirement payout for deceased employee. Until his recent death, my brother worked for the Mass. Water Resource Authority. I am beneficiary on… read more
taxmanrog
taxmanrog
Master's Degree
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I am 78 and expect a lump sum pension distribution on Sept
I am 78 and expect a lump sum pension distribution on Sept 1, after 8 monthly pension checks during 2014. I will be directly rolling over the lump sum to an IRA with a broker. I am aware of the RMD is… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
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I received a lump sum distribution from my employer from a
I received a lump sum distribution from my employer from a discontinued profit sharing plan. What are the tax implications of rolling it over into my Roth IRA vs. cashing it vs. rolling it into my hus… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
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I inherited 1/3 of my fathers IRA, aprox $52,000. I am living
I inherited 1/3 of my father's IRA, aprox $52,000. I am living abroad and was told I could not roll it into my IRA and n must pay tax on it in a lump sum.… read more
Jax Tax
Jax Tax
Senior Tax Attorney
Master's Degree
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Hello and thanks in advance for any advice you can give a California
Hello and thanks in advance for any advice you can give a California resident and her father (also a California resident)! My father, age 67, just inherited a $42,373.25 pension from his sister who re… read more
RD
RD
Self Employed
Master's Degree
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Are funds received for a jones act settlement taxed for the
Are funds received for a jones act settlement taxed for the complete amount or can they be rolled into qualified account… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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Can you make contributions from your personal bank account
Can you make contributions from your personal bank account into a rollover IRA and if so how much?… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
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Hi, I have a question about an IRA CD and what to do with
Hi, I have a question about an IRA CD and what to do with it and how it impacts my federal tax. My wife received a lump sum retirement from her job when she retired aabout 70K and she invested it in a… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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This question concerns rolling over money from a 401K to a
This question concerns rolling over money from a 401K to a regular IRA and a Roth IRA where the 401K has after tax money with considerable associated earnings. The 401K has $35,000 in pre-1987 after t… read more
Bill
Bill
Master's Degree
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I am trying to figure out if i should take my pension in a
I am trying to figure out if i should take my pension in a lumpsum or monthly i am not familiar at all with this bbut is there a tax i will have to pay on a lump sum of 19000.00 or should i take month… read more
Bill
Bill
Master's Degree
3,218 satisfied customers
Hello, I am 62 years old, dont plan on retiring until I am
Hello, I am 62 years old, don't plan on retiring until I am 68 or maybe 70. I have a pension plan from my former employer. I can get a lump sum of $29,900 from this plan. Should I roll it over into an… read more
Merlo
Merlo
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558 satisfied customers
I will be 60 in 2 months and currently working (considering
I will be 60 in 2 months and currently working (considering retirement). I have a pension with my former employer. Is it possilbe to roll this into an IRA? How can I take this out as a lump sum withou… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I will be receiving a lump sum from my pension fund ...
I will be receiving a lump sum from my pension fund within the next two months. Is it possible to average this income out over five years so I do not have to pay such a large tax bill in 2008. large… read more
Bill
Bill
Master's Degree
3,218 satisfied customers
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