Can My Fiance Get A Lump Sum Of Money For A Pension Plan?

2 Responses to “Can My Fiance Get A Lump Sum Of Money For A Pension Plan?”

  1. If it’s a 401K or an IRA, just have your boyfriend call the administrator.
    Keep in mind that a lump sum will be added to his income in the year received and can push him into a higher tax bracket.

  2. V B is right. But if it’s a house you want, this is the single most important investment you will ever make. Make sure your jobs are secure and that moving is not gonna happen in the next 3 to 5 years the go get that money and buy the house! My wife inherited some money and we did just that; paid off our home with the proceeds. I’m sure his dad would want this for him, and you.

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