I have two legacy pensions, which are frozen. They both offer either lump sum or monthly annuity options.
I am leaning towards lump su, for several reasons but, I want to understand how that is looked at tax-wise. Can the lump sum be rolled over into an IRA?
I've looked at the pensions documentation and haven't found any discussion of this. If the pensions can be rolled into tax-differed accounts (tIRA) that would be great.
Thx
I am leaning towards lump su, for several reasons but, I want to understand how that is looked at tax-wise. Can the lump sum be rolled over into an IRA?
I've looked at the pensions documentation and haven't found any discussion of this. If the pensions can be rolled into tax-differed accounts (tIRA) that would be great.
Thx