Pension
Showing 50 results of 109
Inbox Questions | When Should You Use An LLC?
Dec 20 2024
We answer a question from a 44-year-old Pittsburgh bus driver earning over six figures annually who maxes out a Roth IRA, contributes 10.5% to a 457 plan, and is covered by a pension. He owns five ren...
sites.libsyn.com
Health Insurance Premiums through my pension
Dec 07 2024
I am 61 years old. I retired in 2023 and receive a pension. As part of that pension I am allowed to, and do, pay for the same health insurance that I was getting as an employee. The difference is I mu...
community.aarp.org
Federal retirement pension calculation question
Dec 02 2024
I’m a current federal employee, and I qualify for retirement with a pension. I know the approximate monthly pension amount as of the date I qualified. How do I calculate how much it increases as...
reddit.com
Lump sum and manage or pension?
Nov 16 2024
I (m 62) have some health concerns and would do 100% survivor for the wife (f56). She should be around a long time. Lump is 196K, annuity is $1053 a month for my life then her life I would need to mak...
reddit.com
IRS Announces Retirement Contribution Limits Will Increase In 2025
Nov 01 2024
The IRS has announced the cost‑of‑living adjustments for pension plans and other retirement-related items for tax year 2025....
forbes.com
Boeing Contract Vote Could Hinge on Improved 401(k) vs. Restored Pension
Oct 23 2024
Aerospace giant sweetens offer to end strike with better 401(k) benefits but many Machinists…...
401kspecialistmag.com
How Much is My Pension Worth?
Oct 05 2024
Learn how to value your pension with different methods, understand its worth, and make informed financial decisions for retirement....
physicianonfire.com
Distributions in retirement, annual or monthly?
Oct 05 2024
I think I know the right answer but …I plan to retire at some point next year and I know I have to roll my 401k and pension into a IRA but do most pull out the money on a monthly basis or pull ...
reddit.com
How Much is My Pension Worth?
Oct 04 2024
A few weeks ago I saw a tweet that said that Tim Walz, the Democratic vice presidential candidate, had a net worth of around $330,000. I didn't know much about Walz at the time, but I did know that he...
ofdollarsanddata.com
It's almost that time (outsourced to retirement)
Oct 02 2024
My company outsourced my job and I am 62 next month. I have a 401k, pension and working younger wife. She is 56 will work another 4 to 6 years. Medical is covered via her work. I am on staff till Dece...
reddit.com
Should We Always Pull From our Brokerage Account First in Retirement? (Hint: No)
Oct 01 2024
Patrick and Mary will soon both be retired. They are curious about what their withdrawal strategy should be as they balance various retirement accounts, including a pension, IRAs, and a brokerage acco...
buzzsprout.com
When should I take my small monthly pension?
Sep 28 2024
I’m asking here because I have no one else to ask at this time. I have a very small monthly pension check that I can start collecting now. I am 61 years old and have been on SSDI since age of 40...
reddit.com
Canada Pension Plan Fall Short of Indexed Benchmark
Sep 25 2024
Canadian experience highlights the challenge of beating low-fee passive investments. I’m a great fan of the Canada Pension Plan (CPP) and often cite it as a wonderful example of how to add equit...
crr.bc.edu
In The Struggle For Public-Sector Workers, Pensions Help
Sep 11 2024
As government employers continue to struggle to recruit and retain employees, data make it clear that pensions help foster public service careers....
forbes.com
Need to be careful not to jump the gun
Aug 24 2024
...or maybe I don't. I got to "the number" in my retirement account, and I'll get a small pension (about $800/month), and social security. I'll be 60 in a couple of months. I'm also not happy with my ...
reddit.com
Pension Mistakes Can Last a Lifetime: How to Avoid Them
Aug 22 2024
Which pension option is right for you? To avoid costly mistakes, here are four key factors to consider....
kiplinger.com
Best States To Retire: Pension Edition
Aug 12 2024
Retirement really is an art, when you get down to it. There are so many things to consider when you’re ... Read more...
physicianonfire.com
Is the Kaiser Pension Worth It?
Aug 12 2024
Unlike most private employers these days, Kaiser offers a pension. We are occasionally asked if the pension is worth it? Here's our answer. The post Is the Kaiser Pension Worth It? appeared first on T...
whitecoatinvestor.com
pension/beneficiary questions
Aug 05 2024
Hi all, and thanks in advance. My spouse and I each have a pension. They are roughly the same. Does it make more sense for us each to just claim and draw our pensions, or does it make sense for us to ...
reddit.com
Managing Mom and Dad’s Money
Jul 19 2024
My Dad retired in 2002 with a 403(b) and lifelong teacher’s pension. Unsure of his retirement savings, some fellow retired teachers recommended a financial advisor who “specialized in reti...
retirebeforedad.com
What does it mean if your company will no longer fund its pension?
Jul 18 2024
I worked at a company headquartered in NC for 20+ years. That company was one if the few remaining companies to offer a pension. I have left the company but haven't started taking my pension. Word on ...
reddit.com
How Bobby Bonilla Day Can Help You Decide Whether to Take a Pension or a Lump Sum, Ep #220
Jul 16 2024
One of the retirement questions that persists through the ages is whether to take a pension or a lump sum payment. On this episode, we flesh out an example from baseball: Did Bobby Bonilla Day make th...
financialsymmetry.com
Micro Pensions in Developing Countries: Implications and Policy Relevance
Jul 11 2024
Abstract This paper reviews the theoretical and empirical literature on micro pension products for informal sector workers in developing countries. Micro pensions provide a mechanism that allows these...
crr.bc.edu
How to Decide the Right Time to Take Your Pension
Jul 10 2024
Learn how to calculate the impact on your pension from changing your start date and evaluate the value of your pension based on your financial situation. I recently received a question from a listener...
keilfp.com
Could this quick calculation be in the ballpark?
Jul 05 2024
In an attempt to determine whether I've got enough to retire on, I did some quick calculations: I calculated 4% of my current investments and combined that with my estimated pension to come up with a ...
reddit.com
Getting a sum payout upon retirement.
Jul 02 2024
My wife is retiring from her job with our state govt. She will be drawing a pension. She is not old enough for SS yet. She is going to receive a lump sum amount for accumulated vacation/sick time. Her...
reddit.com
Ask a Financial Pro: I'm Worried About Saving for Retirement. How Important Is It to Find a Job That Offers a Pension?
Jul 01 2024
With proper planning, you can have a perfectly secure retirement without a pension....
money.usnews.com
How to Get the Most Out of Your Pension
Jun 27 2024
If you’re expecting a pension when you retire, your decisions on how it’s distributed could have long-term effects on your financial security....
kiplinger.com
Pensions Are A Vital Workforce Tool For Retaining Public Safety Professionals
Jun 27 2024
As state and local governments struggle fill public safety positions, new research finds pensions play a critical role with worker retention....
forbes.com
State and Local Pension Plans Have Gained Nothing from Complex Investing
Jun 25 2024
They would improve transparency and most likely returns by investing in index funds. I must admit, I love it when research supports my gut. Hence, I am delighted to report the findings from the new st...
crr.bc.edu
What are some $ benefits retirees get?
Jun 25 2024
So i m retiring soon, my wife is already retired. As far as pension, healthcare, social security, 401K, taxes…. I m fine with these important aspects of retirement What i want to look at now is...
reddit.com
Should I stay a little longer for a better pension?
Jun 24 2024
I’ve been in my job for over twenty five years, and I’m looking forward to seeing what comes next after my pension is ready in just a few more. Not retiring, just moving on. I’ve had...
reddit.com
Did you retire too early or too late
Jun 19 2024
Hello! I’m eligible to retire at 60, but I worry it’s still too early. I’ll have a modest pension at that point (won’t cover all my expenses by any stretch) 401k, and health in...
reddit.com
How Do Public Pension Plan Returns Compare to Simple Index Investing?
Jun 18 2024
Thebrief’skey findings are: Public pension plans are increasingly relying on alternative investments and active management. But how does plan performance compare to a simple 60/40 index over var...
crr.bc.edu
Should You Take Your Pension as a Lump Sum?
Jun 06 2024
The answer depends on multiple factors, such as what your alternative investment options would be, whether you want to leave money to a beneficiary and more....
kiplinger.com
Dinosaurs Are Extinct. Pensions Are Alive And Well.
May 28 2024
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....
forbes.com
Broadridge 360: Challenges and Opportunities in the New Fiduciary Marketplace
May 24 2024
Jason Roberts of Pension Resource Institute discusses how the DOL’s latest fiduciary rule…...
401kspecialistmag.com
A pension bailout three years ago continues to reverberate
May 22 2024
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 ...
retirementrevised.com
Should You Take the Survivor Option on Your Pension?
May 17 2024
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....
kiplinger.com
Got a Cash Balance Pension? Understand Your Options
May 13 2024
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....
kiplinger.com
NIRS Urges Pension Coverage for Private Sector to Senate HELP Committee
May 13 2024
A NIRS brief provides six recommendations for Congress to consider in broadening pension…...
401kspecialistmag.com
How ERISA Impacts Your Retirement
May 12 2024
This federal law determines many of the rules for your 401(k) or pension....
money.usnews.com
How to move with out having your pension penalized?
May 10 2024
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...
reddit.com
Calculating the Performance of a Contributory Pension Taken as a Lump Sum
May 07 2024
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...
community.aarp.org
If You Have a Pension, Smart Tax Planning Should Start Now
May 03 2024
Adding pension income to Social Security benefits and income from required minimum distributions could see you facing a tax torpedo and higher Medicare costs....
kiplinger.com
Should I work one more year to earn $150 more a month?
Apr 24 2024
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...
reddit.com
What Happens to My Pension if My Company Goes Bankrupt?
Apr 21 2024
Certain benefits are guaranteed if your pension plan fails....
money.usnews.com
CWA Union Fights Back Against So-Called Pension De-Risking
Apr 13 2024
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......
forbes.com
Pension payments while still working
Apr 04 2024
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...
reddit.com
Pension- lump sum or monthly distribution
Mar 21 2024
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 ...
reddit.com
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About Pension
A retirement pension is a sum of money that is paid to a person when they reach a certain age or upon retirement from work. It is intended to provide financial security and stability during the individual's retirement years.
There are several types of retirement pensions, including:
Social Security: A federal insurance program that provides retirement, disability, and survivor benefits to eligible workers and their dependents in the United States.
Occupational pensions: Retirement plans sponsored by an employer for the benefit of their employees. These can be defined benefit plans, in which the employer promises a specific monthly benefit at retirement, or defined contribution plans, in which the employer and/or employee contribute a set amount to an individual retirement account (IRA) or 401(k).
Personal pensions: Individual retirement plans that an individual can set up and contribute to themselves.
State pensions: Retirement plans sponsored by a state government for the benefit of its employees.
It is important to plan for retirement and to consider saving for a pension in order to have a secure financial future. This can be done through a combination of personal savings, occupational pensions, and/or personal pensions.