Questions to ask yourself as you look at pension funds include: What will be the effect of inflation on the purchasing power of your future dollars?
Workers with defined benefit pensions may be offered the chance to collect a one-time, lump sum payment instead of monthly pension benefits for life. Making this decision involves evaluating a number ...
What Is a Lump-Sum Distribution? A lump-sum distribution is a significant amount of money that is paid out all at once, typically from a retirement plan or pension fund. It can also refer to a large ...
When you have a pension, you can likely receive it in one of two ways. Choosing annuity payments means you can receive guaranteed income for a lengthy period. Follow 24/7 Wall St. on Google By David ...
Not many retirees or would-be retirees may be aware of this, but it’s possible to receive a lump-sum payment from their Social Security benefits – under the right conditions. If you have clients who ...
The U.S. Office of Personnel Management (OPM) recently emailed over 2 million federal employees an offer to pay eight months of salary in exchange for resignation. Initiated by the newly launched ...
Filing for a Social Security retroactive lump sum can be tempting – but there are a few caveats. Find out if this retirement strategy is for you Claiming retroactive Social Security benefits can be an ...