Can I take my lump sum pension if leaving at 52? Or do I have to wait till a certain age?
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60 years old and 15 years service doesn’t qualify. 15 years is not a landmark number of years. In the Midwest anyway.
10% pension penalty on lump sum until you’re 55 on top of the tax hit.
Yes but if you don’t meet rule of 75 then the lump takes about 7% hit for every year you are short.
You can take your lump sum any time. I left at age 42 and took mine. But If you don’t roll
It Over to an IRA you will have to pay taxes and penalties on it
You are 100% vested in pension after 5 years service. You can take the lump sum if you meet the modified sum of 75 rule, ( 50 with 25 years service, 55 w 20 or 60 w 15) or you have 30 years service at any age. There is a reduction in lump sum payout if taken prior to 55. ACM - Advanced Capital Management has an extensive library of ATT retirement info. I would recommend checking their site to see what your options are.
Call fidelity don’t depend on this board for something that significant
You could take your lump sum pension if you were in your 20's and left.
Yes. After leaving ATT, you can move it to a Rollover IRA without penalty, however any distributions prior to you being 59.5 yrs old are subject to penalty.
You have to wait until your full vested age.