AboutAllen Expertise Pension questions ONLY. Pension, profit sharing, and 401(k) plan design, installation, administration and actuarial services; rollovers to Individual Retirement Accounts; taxation of retirement plan distributions
Experience Over 35years experience in the pension field
Organizations Various actuarial organizations
Education/Credentials MBA and various professional certifications
Question I HAVE A PENSION FROM IBM 111 DOLLARS A MONTH FOR LIFE
FIRST, CAN I GET A LUMP SUM PAYMENT FROM IBM IF I CAN HOW?
SECOND, IF I CAN HOW CAN I INVEST THIS SMALL AMOUNT IN A RETIREMENT PLAN
Answer You would have to check with the plan administrator on whether you can elect a lump sum. It may be possible if payments have not begun. However, if you are receiving checks, it is probably too late.
As far as how you can invest the lump sum, this is not my area of expertise. You would have to discuss with a financial planner.
