pension

How Do the RMD Rules Work When a Pension Plan Lump Sum is Paid?

Wednesday, July 14, 2021
In the May 17, 2021 Slott Report, we discussed the rules governing required minimum distributions (RMDs) from defined benefit (DB) plans, also known as “pension plans.” We said that DB plan payments usually have no problem satisfying the RMD rules, but there are two special rules that sometimes apply.
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Ruling to Remember: The Funds Are Still Taxable to You

Tuesday, October 13, 2015
This month's Ruling to Remember examines the case of a former plan administrator with the United Public Workers (UPW) Mutual Aid Trust Fund who was convicted of multiple crimes and used funds in a rollover IRA to pay the fine and restitution. What comes next is several judgments and disagreement over tax liability.
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Congress’ Retirement Benefits: With Low Approval Ratings, Are They Worth It?

Friday, March 01, 2013
As I was looking for information on pension plans for our U.S. presidents, I came across information on pension plans for members of Congress, the group of individuals we elect to set tax and spending policies for our government. The same group of individuals who miss crucial deadlines for setting policies time after time after time. The same group that gives us phased-in provisions in legislation, temporary provisions that expire or are supposed to expire but get renewed over and over again.
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Comparing a Former U.S. President’s Pension to YOURS

Friday, February 22, 2013
Prior to 1958, the U.S. did not provide a pension for its former presidents. George Washington retired to Mount Vernon where he resumed his role as a plantation owner/farmer. Abraham Lincoln did not live to collect a pension. His wife, Mary Todd Lincoln, petitioned Congress for a widow's pension in 1870, five years after Lincoln's death. She was awarded the sum of $3,000 a year.
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Selecting the Right Financial Advisor for YOU

Tuesday, October 25, 2011
One of the first things you should consider before thinking about selecting a financial advisor is putting together a list of goals you wish to accomplish. This list will provide the basis for establishing your planning objectives.
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