Retirement distributions.

[kstratemeier]

Is there a difference in taxes on receiving 403b payments as a lump sum or, let's say, over a 12 month period? Also, does the state of California treat this distribution differently? I am 61.

[DavidD66]

No, there is no difference how distributions from your 403(b) are taxed when receiving in a lump sum, or over a 12 month period; however, if you spread it out it could span multiple tax years.  This could result in a lower tax rate in each year.   I recommend you consult with a financial advisor.