Showing 50 results of 219
Like dinosaurs, pension plans are fascinating, large, and strong. But unlike dinosaurs, pensions are not extinct. In fact, pension plans are alive and well today....
Jason Roberts of Pension Resource Institute discusses how the DOL’s latest fiduciary rule…...
Three years ago, Congress took the unprecedented step of spending taxpayer dollars to bail out private-sector pensions plans. As part of a $1.9 trillion Covid stimulus bill, lawmakers approved an $86 ...
In some cases, you could buy life insurance instead and get a better deal in protecting your spouse. There are some things to keep in mind, though....
To maximize your retirement income, you need to know how your cash balance plan works, which type of payout is right for you and how it’s taxed....
A NIRS brief provides six recommendations for Congress to consider in broadening pension…...
This federal law determines many of the rules for your 401(k) or pension....
So I know I need to get an accountant but I wanted to know what other people have done? I plan on selling my house in CT and I know my house in Las Vegas is probably going to be a $100,000 more. I can...
I was fortunate to have a pension and took a lump sum after over 20 years. It was a contributory pension that allowed me to contribute 1.5% of my salary monthly for a higher pension. I'd like to calcu...
Adding pension income to Social Security benefits and income from required minimum distributions could see you facing a tax torpedo and higher Medicare costs....
I'm a teacher and I planned on retiring at the end of this school year. I am 65 and this is my second pension. Our district increased salaries significantly for the next school year. My pension is bas...
Certain benefits are guaranteed if your pension plan fails....
Twenty years after Executive Life defaulted on worker pensions GM and Verizon helped kickstart a broader trend in corporate America, where over $300 billion in retiree......
I've been told that I can begin collecting my pension at the age of 60. I'm no longer working in that state so I've been an inactive member for the past 4 years. The amount that I get paid won't go up...
I retired in January and must decide whether to take my Company pension in a lump sum or monthly distribution. I am female, 65 and in good health. If I elect the lump sum I will get $187,382 and if I ...
Research shows that the majority of Americans favor pension benefits — but can this retirement-planning relic actually make a comeback?...
It's happened to me twice now! Six years ago the so called benefits administrator estimated a monthly benefit (the only means to pay, no lump sum) to be $120 per month more than it is six years later....
But a fair observer of the 401(k) system would point out where it is working and where it has holes....
What made you decide to retire, and how did you know when you were ready? I’m 57, i’ve been in the same profession for 35 years and will have a decent pension. I need to decide whether or ...
How important was the 1974 legislation compared to other factors? This year is the 50th anniversary of the Employee Retirement Income Security Act of 1974 (ERISA), so Yale Law School professor John La...
After IBM unfroze its pension, some wondered if this was the start of a defined-benefit renaissance. Researchers say that's not what it was about....
Earlier this week, I wrote of the news that IBM was reopening its defined benefit (DB) plan. This column follows up with employee context....
IBM is known for being a leader and changemaker in retirement funding. Is IBM reversing the decades-long trend of corporates moving from traditional DB pension plans?...
Hi, my husband is retiring in 3 years at age 61. We have the funds we need, we have a lifelong pension with joint survivor benefits, and we don't carry any debt (homes and cars are paid for and childr...
The company has stopped making contributions to 401(k) accounts, and instead gives workers cash credits in a new version of its old pension plan....
My SO and I both recently retired at 62 however most of our 401Ks are in target date funds for when we turn 67. Currently we are able to live off SS and pensions and don't need to touch the 401Ks. Giv...
Did IBM just kick off the next big trend in the world of employee retirement benefits? Big Blue made headlines recently when it announced plans to end its 401(k) matching contribution in favor of a ne...
I'm not great with numbers, and not financially all that savy, so here goes. Please be kind. ? I'm almost 60. I'm planning to retire next year. I have 32 years in a state pension (and other investment...
Long-term employees in these industries are often able to retire comfortably....
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...
Four decades into the 401(k) experiment, it shouldn’t come as a surprise that employers are reconsidering pensions....
Im 56 have $490k in a Roth, $60k in Traditional IRA will collect $1299 in pension in 10 years with an estimated $3900 a month in SS in 10 years. $75k in savings. Can I retire in 10, or will I have to ...
Your thoughts. Almost 61m, just had 2 stents put in, pretty good family longevity. I started collecting my pension at 53. 1700 a month with 50% going to my wife if I die. I’ve been beating the p...
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. ...
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...
As the downsides of 401(k)-style plans become apparent, workers and some companies, including IBM, are showing new interest in defined benefit plans....
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 ...
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...
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,...
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...
There is no reason smallish firms won’t start to sponsor them, many do, like dentist offices, because the permitted tax-qualified contributions are larger in DB than DC....
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 ...
It looks like Ford employees won't get pensions as part of the UAW agreement. But there's a good business case for a pensions....
Taylor Swift has had a huge economic impact across the nation. Pensions also are an economic juggernaut, but they're often overlooked....
Throughout history, pensions have been a way for employers to attract workers, especially when the labor market is tight....
For those retiring early: assuming you are waiting until 65 for a pension, and 70 for full SS benefits, how are you filling the gap until then? Are you tapping into savings? Skimming off interest? Wor...
Hello, wise and helpful people :) I'm (Single, no dependents, M58) planning to retire at 60 in the fall of 2024. My pension will cover 86% of my living expenses, and the remaining 14% will come from i...
As protests rage in France over pension reforms, we examine retirement ages and life expectancy around the world....
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...
I am not sure if this is the right forum to post question. submitted by /u/afunbe[visit reddit] [comments]...