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Accounting, Payroll & Pension Issues/Pension Cash Out
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Question
Can you give the present cash value for a $20,000 per year pension for a male 65 years old?
Thanks
Exact answer would depend on a number of factors. In today's market it's approximately $225,000-$250,000.
If you are getting a distribution from a pension plan and it has a lump sum option, the plan administrator should provide you with an exact figure.
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Accounting, Payroll & Pension Issues
Answers by Expert:
Allen
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
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