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Frequently Asked Question
What are class-year plans and account-based plans for deferrals and distributions?

The “class year” relates to deferrals for distributions merely in specific years, while in the account-based plan you defer amounts for…

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More FAQs
Is it better to elect distributions as a lump sum or as an installment over a period of years, like an annuity?
Which is better: a class-year plan or an account-based plan?
What are class-year plans and account-based plans for deferrals and distributions?
What is a laddering or bucket approach to distributions?
If I am not certain about when I should take my distributions, when should I elect to receive them?
How much of my compensation should I defer?
Can I at least change my distribution election when I lose my job?
Can I elect a different timing for just a part of my already scheduled future distributions, or must my subsequent deferrals all be treated the same?
How do I change the timing or form of my distribution?
Can I (or my company) fix a tax mistake I made in deferring my income or in the distribution without being penalized?

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