When you invest in a mutual fund, inflation impacts your return, and you also pay a tax on capital gains. In such a way, the ...

Dear Quentin, When I leave my job, would I be better off taking a $61,000 lump sum to roll over into an existing IRA or, ...

Continue reading → The post How to Avoid Taxes on Lump Sum Pension Payout appeared first on SmartAsset Blog. Unfortunately, many of these distribution methods result in a tax liability that ...

You could choose to only take the 25pc tax-free lump sum, leaving the remainder of your pension invested. When you withdraw the remaining funds, they will be taxed as income.

Compounding increases savings exponentially by reinvesting earnings. Calculate compounding on a lump sum using initial amount, rate, and time. Long-term investing significantly amplifies the end ...

However, you can avoid taxes on a lump sum by rolling … Continue reading → The post How to Avoid Taxes on Lump Sum Pension Payout appeared first on SmartAsset Blog.