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Message
re: Lump Sum Distribution of my Pension Benefit
Posted on 11/15/12 at 6:59 pm to Gaston
Posted on 11/15/12 at 6:59 pm to Gaston
You can roll the lump sum distribution into a rollover IR a and defer taxes until you withdraw the funds when you retire.
Using a 6% rate of return compounded quarterly, your lump sum would approximately double twice, plus a bit more, before 2039.
Using a 6% rate of return compounded quarterly, your lump sum would approximately double twice, plus a bit more, before 2039.
2
Posted on 11/15/12 at 7:22 pm to LSURussian
using the rule of 72 it would double in 12 years and then double again before 2039.
Posted on 11/15/12 at 7:23 pm to LSURussian
Thank you. I'll take your advice
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