One of the reasons someone would want to take a lumpsum is to transfer/rollover funds into a better performing income producing annuity with a higher projected guaranteed lifetime income. Another reason for taking a lump-sum payment would be to integrate funds into a long-term income

Roth contributions to 401(k) and 403(b) retirement plans became available on January 1, 2006. Unlike traditional, before-tax contributions, Roth contributions come from income that has already been taxed. That means qualified withdrawals from Roth accounts, including earnings, will be free from federal