My lump sum just jumped 31k in the last day, can anybody explain why?
11 replies (most recent on top)
If a chicken cost a dollar, and eggs cost 2 cents each, you would buy bacon. Right? So the 30k increased by eggs, not $. If suddenly chickens cost $50, you would sell your chickens, and not buy bacon. So you got a few eggs, but no chickens. See how they trick you?
Just looked at mine this morning, ( In my best Charlie Sheen voice) WINNING!!!
"Unless you leave (terminate) with the company you can NOT take the lump sum and roll into IRA"
Yes, I have already left the company and am vested. I am thinking of cashing out the lump sum as I don't anticipate GATT quarterly rate to go any lower.
Hans, if you're reading this..if you could have a nice Eipp ready around the end of the year I would really appreciate it. Thanks Again.
Unless you leave (terminate) with the company you can NOT take the lump sum and roll into IRA
Can someone help comment on this more specifically. My lump sum is the same for July 1st and Aug 1st and it it the highest ever. I have one of those former GTE Management plans that was stopped in 2006 but had a cash balance. All of a sudden I checked and the lump sum is the highest ever I have seen and same for both July and Aug. I believe the GATT Quarterly is what is driving high. I don't anticipate GATT quarterly will fall any lower. I am thinking of taking lumpsum (not very substantial) and roll over to IRA. Appreciate guidance.
Probably the same reason my 401k jumped by over $50k in one day.
Exactly............"and how you doin?". Pays to unionize. Just sayin'
Because you are worth it. LOL
- 27 is September’s forecast ...
GATT rate dropped to 1.38 for 3rd quarter. If you are near retirement it is worth a look, don't know if it will ever be better. Best to check with a financial planner.