About half of pension plan participants can choose to take their money in a lump sum when they retire. If you have that choice or are offered a buyout, what’s your best option? Securing guaranteed lifetime payments directly from your company pension plan would seem to be a no-brainer unless you’re facing a financial emergency.… Continue reading Pension or Lump Sum? Compare Payouts before You Decide
Tag: pension
3 Tips to Make The Finances Add Up for the Spouse Left Behind
Traditional wedding vows usually include the phrase “till death do us part,” but it’s not a part of the ritual most couples want to dwell on. Financial professionals, though, say ignoring the eventuality of death is unwise when it comes to a couple’s decisions about retirement and money. “The decisions you make today can affect… Continue reading 3 Tips to Make The Finances Add Up for the Spouse Left Behind
Creating Your Own Pension
Few people have enough income from Social Security and company pensions (which are less common now) to support their retirement fully. Most need a way to get additional guaranteed lifetime income. There is a time-tested way to create your own supplemental pension. Economists agree that annuitizing a significant portion of your retirement savings is the… Continue reading Creating Your Own Pension
Five Overlooked Variables in Planning for Your Retirement
It wasn’t long ago that most Americans had a secure three-legged stool on which to rest their retirement concerns – a well-funded Social Security system, substantial corporate pensions with retiree health benefits and, ideally, a strong personal savings rate. Nowadays, however, pensions aren’t what they used to be; they’ve been largely replaced by employer-sponsored plans… Continue reading Five Overlooked Variables in Planning for Your Retirement