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Should I take a lump sum?
Unlike their civilian counterparts, veterans are not allowed to take a lump sum.
The winners elected to take a lump sum, giving them $151.7 million and a tax bill of about $48 million.
A beneficiary may take a lump sum settlement of the face amount upon the death of the insured.
If you have a defined-contribution plan like a 401 k), you'll have to take a lump sum from your plan and buy the annuity on your own.
Rather than collecting California's full $12.5 billion share of the settlement, paid out over time, he agreed to take a lump sum of $4.5 billion up-front.
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Wanczyk chose to take a lump-sum payment of $480m, or $336m after taxes, lottery officials said.
Those workers can elect to take a lump-sum payment of $45,000 or $62,500, depending on their job description, and retire with full benefits.
People who cash in their pensions can either take a lump-sum distribution and pay tax immediately or roll over the money into an I.R.A., deferring tax until withdrawals begin.
Anyone who has been with Chrysler for at least one year can elect to take a lump-sum payment of $100,000 in exchange for giving up health care and most retirement benefits.
Mr. Aubrey decided at the time he bought his ticket, at the Shiv Convenience store, just outside the F train station at 169th Street — to take a lump-sum payment.
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