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What does it mean to get a lump sum payout?

To get a lump sum payout typically involves foregoing monthly installment payments in lieu of a one time lump sum. Many people who win the lottery prefer to have a lump sum taken instead of monthly checks. Although it should be noted the lump sum is less money than if you were to add up all monthly payments, in the long run.


Are there any exceptions to receing a lump sum from your retirement instead of monthly payments?

Yes, there are exceptions to receiving a lump sum from retirement plans instead of monthly payments. Some retirement plans, particularly defined benefit plans, may require participants to take monthly annuity payments rather than a lump sum. Additionally, certain plans may have restrictions based on the participant's age, employment status, or the plan's specific rules. It's essential to review the plan's terms and consult with a financial advisor to understand your options.


How can I get money for settlements faster, in a lump sum instead of payments?

You can get money for settlements faster, in a lump sum instead of payments at www.settlementpaymentsource.com. Another site is www.woodbridgeinvestments.com


Where can one go to find information about different alimony attorneys?

One can find information about different alimony attorneys from websites like legalmatch. One can also read up on the different types of alimony payments, like rehabilitative alimony, lump sum support, or permanent alimony.


If you win a lottery, is it better to take a lump sum of cash or take your money in installment monthly payments?

If you take it in a lump sum of cash, you will lose money because they take more taxes out of it.


Is there an equivalent for Lump Sum Alimony?

In lieu of cash, spousal support can be paid through the property distribution process. This is basically the equivalent of a lump-sum payment since the property is divided during the divorce and the receiving spouse takes ownership of the property at that point.


What does the term 'Lump Sum' mean?

Lump Sum means all in one shot or To be given a full amount at one time, instead of several smaller payments over a period of time. Most people prefer to receive a lump sum.


If my disability rating is 23 as a result of a lower back injury what is my lump sum settlement?

Your lump sum settlement is determined by factors such as your monthly salary, amount of disability, length of time unemployed, and medical costs.


What is one lump sum?

monthly payment is 595.00 have no worked over 4 months they want $3600.00 & will not accept payments


Does a person have to pay alimony if they don't want a divorce?

If alimony is appropriate given the circumstances of the marriage then the spouse will likely be required to pay alimony to his ex regardless of whether or not he or she wanted the divorce. The amount will depend on the length and nature of the marital relationship and can be a lump sum or periodic payment. If your ex remarries, the alimony obligation will extinguish.


Can you make a lump sum contribution to your 401k?

Yes, you can make a lump sum contribution to your 401(k) if your plan allows it. This means you can contribute a large amount of money at once instead of spreading it out over time.


How can a trust be used for investment purposes?

A trust can be used for a monthly payment, rather than a lump sum. If you are willed say $50,000,00 the person might not want you to receive it in a lump sum for several reasons, but would rather you receive an amount each month.