Pension
Showing 21 results of 71
Alaska State Workers Hoodwinked Into Believing 401(k)-Style Retirement Plan Was As Good As A Pension
Mar 01 2023
From Alaska to Florida, America’s state and local governments have been pushing their workers out of pensions into 401(k)-type retirement plans—misleadingly claiming the retirement benefit...
forbes.com
Can someone explain 401k or pension to me like I am 7 year old. How much people end up receiving after they retire?
Feb 19 2023
submitted by /u/Detroit3_1_3[visit reddit] [comments]...
reddit.com
Turning 62 soon. Having trouble finding decent work. Little to nothing saved, no 401k, no pension. House and car paid for
Feb 19 2023
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....
reddit.com
Retire next year?
Feb 19 2023
I am 53m with wife, 53f, one kid, 15. Retired from military in 2020 with 70k pension that I am currently receiving. Wife gets 30k if I die first. I expect 35k/yr social security at 67. Wife will colle...
reddit.com
Rate my retirement
Feb 19 2023
I'm currently 31. Planning to retire at 55. I work for my county government. As such. We are part of the state pension plan. If my income trends stay about how they've went. I'm looking at making appr...
reddit.com
What would you do?
Feb 10 2023
I'm 38 and about 2 years away from retiring from a highly stressful job. My pension (for life) will be about 72k a year, and I will have about 1.1 million in savings. If I stay at my job 5 years past ...
reddit.com
What to do with my cash when I actually retire
Feb 10 2023
I’m 58. I retire with a $60k/yr pension for life in August. I have $250k in my IRA. I have $400k in a 457b. I will have roughly $650k in an account that can be either rolled to my IRA or taken a...
reddit.com
Lump Sum Cash Pension
Feb 08 2023
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]...
reddit.com
Evaluating Annuities, Pensions, and Social Security – SWR Series Part 56
Feb 06 2023
February 6, 2023 Welcome to another installment of my Safe Withdrawal Rate Series. See the landing page of this series here for an intro and a summary of all posts I’ve written so far. On the me...
earlyretirementnow.com
SS strategy with a WEP pension
Feb 05 2023
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 ...
reddit.com
Pension or 401K
Feb 03 2023
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...
reddit.com
Do You Have A Defined Pension Plan? What To Know > - Leisure Freak
Feb 01 2023
Funding your early retirement with a Defined Pension Plan is a fortunate thing to have. However, you may have serious decisions to consider before taking......
leisurefreak.com
Early retire at 41?
Jan 21 2023
Been thinking on early retirement quite a bit recently. Have military pension and been doing contract work that keeps me on the road. Partner has at home business that finances would not be an issue. ...
reddit.com
Is it a mistake to pass on a service buyback for my pension?
Jan 20 2023
Hi all, I just started a new job (city government - parks and rec) that and they offer a service buyback program with a pension that takes 10 years to be vested. I was initially excited about this bec...
reddit.com
Living abroad/pension
Jan 18 2023
If I were to retire and actually live abroad (outside of the USA), would that have any impact on my govt pension? submitted by /u/pinkdeano[visit reddit] [comments]...
reddit.com
What to do with inheritance?
Jan 14 2023
My wife and I are retired and live off my pensions. My pensions cover about 125% of our monthly bills. I also have about $425,000 in my TSP accounts that we have not touched. In the next few months, I...
reddit.com
Illinois Retired Teachers Get Second Opinion About State Teachers Pension
Dec 13 2022
Under both federal (ERISA) and state law pensions are supposed to be managed for the “sole or exclusive benefit” of beneficiaries—participants such as you. Yet forensic investigation...
forbes.com
14 States That Won't Tax Your Pension
Oct 28 2022
Some states have pension exclusions with limitations based on age and/or income. But these states don't tax pension income at all, no matter how old you are or how much money you have....
kiplinger.com
Why You Might Want to Retire Soon If You Have a Pension
Oct 18 2022
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...
ofdollarsanddata.com
Money Management Tips for a Windfall
Apr 19 2022
If you are owed unexpected money from back taxes, a pension-payout or even the sale of your home, here are a few ways to manage the extra funds....
aarp.org
401k vs Pension: How To Make Your 401k Pay As Much As a Pension
Nov 19 2020
Next time you hear "people used to have a pension," think "people used to save 15-20% of their pay." Nothing stops you from doing so today, unless you don't want to....
thefinancebuff.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.