I will be retiring June 1. I am 3 and 7 months into a 60 month plan. If I take a partial lump sum disbursement from an Erisa qualified, state pension plan as part of my retirement, does the trustee have claim to it? (Missouri). I know I can rollover the difference into an IRA in a trustee-to-trustee transaction and that portion is tax exempt and I believe it is safe from the trustee.
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Consider taking your partial pension disbursement question to your lawyer who is most familiar with how your trustee may react if you don't roll the money over into an IRA. Please let us know what you find out.I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.
06/01/06 - Filed Ch 13
06/28/06 - 341 Meeting
07/18/06 - Confirmation Hearing - not confirmed, 3 objections
10/05/06 - Hearing to resolve 2 trustee objections
01/24/07 - Judge dismisses mortgage company objection
09/27/07 - Confirmed at last!
06/10/11 - Trustee confirms all payments made
08/10/11 - DISCHARGED !
10/02/11 - CASE CLOSED
Countdown: 60 months paid, 0 months to go
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