![]() If you don’t want to pay all those taxes up front (and who would?) you can choose to have the money sent directly to your IRA. You will have to pay tax on the money you receive, but there won’t be any 10% penalty if the money comes from a retirement plan other than an IRA. If you need money to live on now, you can elect to have the funds transferred from your husband’s plan directly to you, rather than transferring them to your IRA. Ordinarily, you can’t take money from your IRA without penalty until you are 59-1/2. Generally, a Qualified Domestic Relations Order (QDRO, pronounced “quadro”) would be used to transfer your portion of your husband’s plan to an IRA in your name. What’s the best way to handle this retirement plan distribution? I’ll need some of the money to live on, but I’m only 53, so I’m too young to receive retirement benefits. Advertising and Sponsorship OpportunitiesĪs a part of my divorce settlement, I am supposed to get a portion of my husband’s retirement plans.Individual Memberships, Donations and Sponsorships.Warranties as to the current status or accuracy of these descriptions. provides this information merely as a courtesy and makes no makes no representations as to accuracy of these The terms of a specific plan may have changed since the most recentlyĪvailable tax filing, and as a result, these descriptions and features may not beĬurrent. The information provided on this page is based upon the most recent Plan tax filingsĪvailable. Specific terms and options for the specific Plan in question. ![]() Review the applicable Summary Plan Description for a detailed description of the The Plan features and descriptions presented are provided only as examples andĭescriptions a particular type of plan. For this purpose, a “cash balance” formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a “single sum distribution amount” (for example, 10 percent of final average pay times years of service, or the amount of the employee’s hypothetical account balance). This Plan is in the nature of a “Cash Balance” or similar plan, meaning that the Plan has a “cash balance” formula for determining benefits.Benefits accrued under this Plan are primarily pay related.Features of the NON-CONTRIBUTORY RETIREMENT PROGRAM FOR CERTAIN EMPLOYEES OF BLUECROSS BLUESHIELD OF TENNESSEE may include: This includes beneficiary designations and "surviving spouse" benefits. Additionally, the retirement of the Participant prior to the entry of a QDRO will typically limit the Alternate Payee to receiving only a portion of the Participant’s benefits based upon the election made at the Participant’s benefit commencement. When dividing a defined benefit plan, it is critical to know the types of benefits available under the terms of the applicable plan. Rather, the Alternate Payee’s award is typically made in terms of a monthly benefit payable for either the lifetime of the Participant (a "shared payment") or the lifetime of the Alternate Payee (a "separate interest"). With this type of plan, the Alternate Payee is usually not awarded a lump sum cash payment from the plan. The type of benefits available may vary significantly from plan to plan. It is rare, but some plans may allow for a lump sum payment of benefits instead of a monthly payment. Benefits accumulated under defined benefit plans are often referred to as "accrued benefits". Benefits are generally payable to a participant upon reaching "normal retirement age" for the remainder of the Participant's lifetime. Benefits paid at the time of retirement are calculated using a formula based upon years of "credited service" and the Participant’s compensation information. A defined benefit plan is traditionally referred to as a "pension plan." This type of plan typically provides participants with a monthly retirement benefit upon reaching a specific age for either a specific period of time, or for the Participant’s lifetime, depending upon the form of benefits offered by the plan and selected by the Participant. NON-CONTRIBUTORY RETIREMENT PROGRAM FOR CERTAIN EMPLOYEES OF BLUECROSS BLUESHIELD OF TENNESSEE is a DEFINED BENEFIT PLAN.
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You’ll fight monsters of the mind (“Regrets” and “Doubts” in physicalized form) while collectibles like “Emotional Baggage” and “Repressed Memories” are secrets tucked away, up high in obscure corners or behind secret doors and false walls. Fleshy pink walls line the level, while toothy doors require you to unzip them using telekinesis. Loboto’s mindscape is a grizzly realm of body horror. These early levels are sort of like Christopher Nolan’s Inception - a team of spies working together to infiltrate and overcome a mind’s defenses. Together with other members of the Psychonauts, an elite group of psychic secret agents, you help construct an alternate reality for Loboto to try and manipulate him into giving over information. Picking up from where the original game left off, you’re immediately thrown into the mind of ex-dentist Dr. It handles a litany of complex psychological issues - and some darker themes - with a great deal of warmth and compassion, to go along with all the humor. Psychonauts 2 seems well aware of this fact. It turns out, when you go digging around in people’s minds and try to resolve all their problems, you can sometimes end up making things worse. Of course, Freud and his psychoanalytic techniques have a troubled history. If you want to see the very best of the best for your platform(s) of choice, check out Polygon Essentials. ![]() When we award a game the Polygon Recommends badge, it’s because we believe the title is uniquely thought-provoking, entertaining, inventive, or fun - and worth fitting into your schedule. ![]() Polygon Recommends is our way of endorsing our favorite games. In addition to donating half of our lakefront property to the city, we will continue to invest in the responsible development of the project’s green space, creating the first new park on Lake Austin in decades.” “Our plan - supported by our neighbours and approved by the city - includes safe and accessible public parking for the overlook and cliff. “Responsible environmental stewardship to preserve and protect this iconic location has been central to our vision for this project,” said Coon. With a deep commitment to land stewardship, the developers of the project will implement a new city-approved plan that includes 90 acres (36 hectares) of preserve and parkland, turns a scenic overlook into a public park, and preserves more than 2,000 feet (60 metres) of shoreline from development. Ideally positioned on a secluded hill above a 90-degree bend in the lake, the 145-acre (59 hectare) community’s altitude and endless backdrops contribute to a heightened sense of privacy and beauty. Protected Views and a Commitment to Land Stewardship “We are excited to partner with Austin Capital Partners on this exceptional new project, providing residents with a breath-taking setting on Lake Austin, extraordinary design, and an extensive collection of amenities and experiences delivered by Four Seasons and curated for Lake Austin residents.” “Our collection of standalone Private Residences is a natural extension of the Four Seasons brand - guided by the same principles of service and quality excellence - while offering a one-of-a-kind lifestyle experience outside of our hotels and resorts,” said John Davison, President and CEO, Four Seasons Hotels and Resorts. “Coupled with legendary five-star service and amenities, the community will offer a rare combination of hilltop views, private boat slips on Lake Austin, privacy, and security.” “We are proud to align with Four Seasons Hotels and Resorts to introduce the brand’s first standalone residential property in Texas,” said Jonathan Coon, CEO of Austin Capital Partners. ![]() Surrounded by 2,000 acres (800 hectares) of expansive green space, the private enclave is situated 20 minutes from downtown Austin, but feels worlds apart – with protected panoramic views of the lake, Pennybacker Bridge, PGA golf course, and downtown skyline. Hines will lead the development team and manage the project’s construction. The new Lake Austin residential community will be distinguished by its modern architecture, private waterfront access, unmatched amenities, and dedicated Four Seasons staff who will exclusively manage every aspect of the property’s luxury service offering. Leading luxury hospitality company Four Seasons Hotels and Resorts, Austin Capital Partners and international real estate investment firm Hines today announced plans for Four Seasons Private Residences Lake Austin. |
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