tuni88 Posted September 18, 2009 Posted September 18, 2009 One of our young employees lost her life suddenly this week and left a 28-year-old spouse. He's entitled to a very tiny (<$10) monthly lifetime survivor pension that starts on October 1. Or he can choose (or perhaps it's mandatory - still being studied) a rather small lump sum settlement. If he gets the lump sum, will he be able to roll it over into his IRA?
SoCalActuary Posted September 20, 2009 Posted September 20, 2009 If a life insurance policy is involved, and PS58 taxable amounts were recognized, you should be clear about the pre-tax and after-tax portions of the death benefit.
tuni88 Posted September 24, 2009 Author Posted September 24, 2009 If a life insurance policy is involved, and PS58 taxable amounts were recognized, you should be clear about the pre-tax and after-tax portions of the death benefit. No life insurance involved. I presume you concur with previous YES response.
SoCalActuary Posted September 24, 2009 Posted September 24, 2009 If a life insurance policy is involved, and PS58 taxable amounts were recognized, you should be clear about the pre-tax and after-tax portions of the death benefit. No life insurance involved. I presume you concur with previous YES response. YES
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