Pensions

9 Jobs That Still Offer Traditional Pensions

Long-term employees in these industries are often able to retire comfortably....

Pension, bulk sum, or combination for retirement

Coming up on 60, and beginning to try to organize my retirement. I'm in pretty decent shape, I think....have one pension that starts when I turn 60 that is almost 50K, and another that is about 28K, a...

Pension News: You’re on Your Own For Retirement

Nobody Wants Responsibility For Your Retirement So They’re Passing The Buck To You. Do You Know How To Benefit? Key Ideas The reason retirement planning changed from socialized to personalized. ...

Should I take my pension at age 55 or 60?

I have a vested pension that I can take at either 55 ($1700/mo) or 60 ($2000/mo). I plan on working till 65, so the current strategy is to invest the entire monthly pension payment while I’m sti...

Pensions Get a New Look From Younger Workers

As the downsides of 401(k)-style plans become apparent, workers and some companies, including IBM, are showing new interest in defined benefit plans....

Government Pension Offset - Which monthly amount to use?

I'll retire next year from a state government agency. I know the spousal benefits are reduced by two-thirds of the government pension. Assume that my pension only has two options: Monthly payments of ...

How to Bridge the Gap to Retirement Income: Pension Spitball - 456

Planning to retire early? Joe and Big Al spitball on bridging the gap to your retirement income when there’s a pension in the mix, today on Your Money, Your Wealth® podcast 456. Manley and h...

How much taxes do we budget for monthly retirement pensions?

Both my husband and I will have pensions, in planning our budget for retirement how do I know how much to subtract for taxes? Between the two pensions our monthly gross pay will be roughly $8,300 -$8,...

Factors to consider when making the decision when to begin withdrawing on a monthly pension.

I have vested in a monthly pension through TCDRS (Texas County and District Retirement System). In 9 years I will be age 60 and old enough to draw on it, $3137 monthly for my life. BUT, if I wait 7 ye...

I’m retiring at 63, will my SS be taxed at a excessive rate if I have a pension?

I will be retiring with generous pension, paid in social security for 40 years full time. I’m told they will tax my SS benefit about 85%. I’m holding off applying until I know for sure. I ...

Pension &amp Roth IRA?

Wondering if anyone has a pension & a Roth IRA account. Is it worth it? Is it too much? My company offers a pension that they pay in to, no cost to me. Our package is currently $70/month/year of s...

Hypothetically, say I worked for Silicon Valley Bank and built a pension Bank fails Am I still entitled to receive company pension?

I am not sure if this is the right forum to post question. submitted by /u/afunbe[visit reddit] [comments]...

is this the right place to post a question on NPV of pension options?

Or is there a better subreddit? Thanks! submitted by /u/iamsoouttahere[visit reddit] [comments]...

I qualify for retirement pension but I'm on disability. Should I get my pension?

To explain, I went on disability 8 years ago after I was fired from my 28-year career (state government). I am entitled to retirement pension this month. HOWEVER, I now owe over $15k in med bills and ...

Can someone explain 401k or pension to me like I am 7 year old. How much people end up receiving after they retire?

submitted by /u/Detroit3_1_3[visit reddit] [comments]...

Turning 62 soon. Having trouble finding decent work. Little to nothing saved, no 401k, no pension. House and car paid for

Can't seem to find any meaningful work. My body just can't handle stuff I'm good at (type of work I'm doing now) and I've found that absolutely nobody wants to hire an old guy as a software developer....

Lump Sum Cash Pension

I'll be receiving a lump sum cash pension when I eventually retire. How do I invest it? submitted by /u/Top-Specialist-9273[visit reddit] [comments]...

SS strategy with a WEP pension

Hello. I am 58 retiring at 60 with a public pension of $2700 and would have a base $1200 monthly SS (at full SS age 67) coming from pre-pension jobs. However, my SS is subject to the full monthly WEP ...

Pension or 401K

Im thinking about taking a job that would be a 40K pay cut but would give me a pension in 12 years. So just to have numbers to work with I make about 175,000 right now but the job Im considering is ab...

Why You Might Want to Retire Soon If You Have a Pension

Imagine you are on the verge of retirement and you have a pension plan with your employer. Every year you have to make two decisions regarding your plan. First, you have to decide whether to retire (a...

Are You In the 2% Club in Retirement? With Joe Schmitz Jr.

Joe Schmitz Jr. and Jeremy Keil explore the 2% Club of retirees and the unique challenges that come with significant retirement savings and a pension. https://youtu.be/G04JKpKyLJ0 Most retirement conv...

Rising Costs and Retirement Unknowns? Here's What to Do - 567

Should Al and Peggy in Illinois keep hammering pre-tax retirement savings or should they pivot to post-tax Roth for better tax diversification? Which pension option is best for their early retirement ...

48 and Worried About Early Retirement? This Changes the Math - 565

Lucky Lou is 48, burned out and wants to punch at 50. How should he bridge the gap before pensions and Social Security? Joe Anderson, CFP®, and Big Al Clopine, CPA walk through the Rule of 55, 72(t)s,...