The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/retirement-plans-do-not-have-to-offer-a-lump-sum-30531213.aspx

Subject:  Re: Church Retirement Fund Date:  2/7/2013  11:21 PM
Author:  ptheland Number:  117681 of 121095

Retirement plans do not have to offer a lump sum withdrawal option to retirees and others separated from service.

A rollover is a lump sum withdrawal from the plan which is then sent to another plan. So if the plan doesn't allow lump sum withdrawals, you effectively can't do a rollover.

--Peter
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us