After more readings, some superfund sites mentioned that "....the TBA will change using a system of debits and credits, with debits reducing the TBA, debits such as commuting some of the existing income stream monies but not pension payments..." So, for the example above, his resultant TBA is still $1M if he moves back the $300K from his Accumulation Account to his Income Account. Am I correct?
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- What is Transfer Balance Account?
After more readings, some superfund sites mentioned that...
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