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To avoid paying income taxes on your lump-sum distribution, you could roll it over into a qualified IRA.

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Retirement planning refers to financial strategies of saving, investments, and ultimately distributing money meant to sustain oneself during retirement. Many popular investment vehicles, such as individual retirement accounts (IRAs) and 401(k)s, allow retirement savers to grow their money with certain tax advantages.
 


To avoid paying income taxes on your lump-sum distribution, you could roll it over into a qualified IRA.






 
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