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Accounting, Payroll & Pension Issues/Pension annuity
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Question
Thanks for the answer regarding my pension. Just wanted to ask what you think about obtaining a lump sum for my pension through J C Wentworth? Can I just do that myself, without going through anyone else?
Thanks.
I don't believe you can sell an annuity being paid to you from a pension plan. If you can, you can do it yourself without using an intermediary. However, I would get a quote from Wentworth and other companies so you know you are getting the best price. As far as what I think about selling an annuity, I can't answer that. It depends on how much you'd be getting and your own financial situation.
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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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