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My employer offers a lump-sum payment option in place of the pension payment. I have the tool working well with the 401k savings, pension and SS. I want to look at options with the lump sum payment and turn off the pension payment to see the effect. How would I enter the lump-sum payment?
The answer depends on the tax treatment of the lump sum. I'm not that up on pension distribution taxation, but assuming the lump sum payment can be rolled into a 401k or IRA, it should be ok to enter it as a tax-deferred savings cash flow.
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