SERP Distribution
We have a client that has an old SERP non-qualified policy that was set to be distributed over a 15 year period of time. The company has since changed their mind and will be distributing the entire balance (approximately $1,100,000) this year. Our understanding is that these funds cannot be rolled over into an IRA. Are there any provisions that allow for the client to stretch the income out over several years?
Thank you for your help.
Submitted by Scott Gelbach on Wed, 2018-01-24 22:37