Hi all -
This is my first post although I've been reading here since December 2015.
We are down to the last year before retiring and just last week realized - or maybe paid attention to the fact after listening to a talk on TRS - that we are able to take a partial lump sum option (PLSO) with the pension from TRS in Texas.
I have been using the Personal Capital retirement planner for years but this PLSO is throwing me for a loop as I try to figure out how we will best be served in taking or not taking the PLSO.
The issue is this: When I plug in the lump sum the planner automatically taxes it as current income and not as I want it to, which is a rollover into our tIRA.
Can anyone make a recommendation for a calculator that will enable me to do this? Or suggest a workaround on Personal Capital?
Thanks!