One thing to watch out for is that with some pension plans taking a lump sum option is linked to getting retiree health insurance. I don't know how that would work if you are out on disability it it would be good to be cautious about that.
Something to look into is that if you pension plan has any provisions for hardship withdrawals. You would still pay tax on the withdrawals but there would be no penalty.
Something to look into is that if you pension plan has any provisions for hardship withdrawals. You would still pay tax on the withdrawals but there would be no penalty.
Statistics: Posted by Watty — Tue Apr 09, 2024 4:45 pm — Replies 13 — Views 1071