Super helpful. Thank you!I elected a 5-year distribution for my NG457B when I left MegaHospital. I was still able to chose/change the investment(s) after separating, but I just kept it in the Stable Value Fund that was offered. Year 1 you will receive 1/5 of your balance at the distribution date, 1/4 of the prevailing balance on the same distribution date in year 2, 1/3 in year 3, 1/2 in year 4, and your remaining balance in year 5. You will receive a W2 for each annual distribution. I just received my last distribution last month, leaving my balance at $0.00, and I don't have to worry about it anymore.
Statistics: Posted by antheus — Tue Dec 03, 2024 5:52 am