Pension
Showing 50 results of 125
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
Retirement Is Broken — Is a 'Pension Renaissance' Coming to Save Us?
Mar 18 2024
Research shows that the majority of Americans favor pension benefits — but can this retirement-planning relic actually make a comeback?...
money.com
Is it normal for pensions to overestimate your benefits 4 and 6 years out?
Mar 17 2024
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....
reddit.com
No, I Don’t Hate 401(k)s — I Want Pensions For All, Not Just A Few
Mar 07 2024
But a fair observer of the 401(k) system would point out where it is working and where it has holes....
forbes.com
What made you decide to retire? How did you know you were ready?
Mar 03 2024
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 ...
reddit.com
ERISA Killed Defined Benefit Pension Plans, Yale Law School Expert Argues
Feb 28 2024
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...
crr.bc.edu
Don't call it a comeback: IBM pension play a 'financial maneuver,' experts say
Feb 24 2024
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....
financial-planning.com
Is IBM’s Pension Plan Announcement Good News For Employees?
Feb 23 2024
Earlier this week, I wrote of the news that IBM was reopening its defined benefit (DB) plan. This column follows up with employee context....
forbes.com
IBM Reopens Defined Benefit Pension Plan—Will Other Corporates Follow?
Feb 21 2024
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?...
forbes.com
Budget broken out by percentage/ retirement calculator with pension
Feb 21 2024
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...
reddit.com
IBM Reopens Its Frozen Pension Plan, Saving the Company Millions
Feb 11 2024
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....
nytimes.com
What to do after we reach the TDF end?
Jan 20 2024
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...
reddit.com
Could traditional pensions make a comeback in the private sector?
Jan 19 2024
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...
retirementrevised.com
Pension: I know the "gross". What will I "net"?
Jan 18 2024
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...
reddit.com
9 Jobs That Still Offer Traditional Pensions
Jan 11 2024
Long-term employees in these industries are often able to retire comfortably....
money.usnews.com
Pension, bulk sum, or combination for retirement
Jan 11 2024
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...
reddit.com
Will 2024 Be The Year Of The Pension Comeback?
Dec 18 2023
Four decades into the 401(k) experiment, it shouldn’t come as a surprise that employers are reconsidering pensions....
forbes.com
Am I Ok to retire at 67? Will I have to work? I live frugally.
Dec 14 2023
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 ...
reddit.com
I’m tired of pounding the pavement, I think it’s almost time.
Dec 01 2023
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...
reddit.com
Pension News: You’re on Your Own For Retirement
Nov 27 2023
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. ...
financialmentor.com
Should I take my pension at age 55 or 60?
Nov 25 2023
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...
reddit.com
Pensions Get a New Look From Younger Workers
Nov 25 2023
As the downsides of 401(k)-style plans become apparent, workers and some companies, including IBM, are showing new interest in defined benefit plans....
nytimes.com
Government Pension Offset - Which monthly amount to use?
Nov 22 2023
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 ...
reddit.com
How to Bridge the Gap to Retirement Income: Pension Spitball - 456
Nov 21 2023
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...
purefinancial.com
How much taxes do we budget for monthly retirement pensions?
Nov 19 2023
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,...
reddit.com
Factors to consider when making the decision when to begin withdrawing on a monthly pension.
Nov 16 2023
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...
reddit.com
IBM Shocking New Type Of Pension Is The Old Defined Benefit Plan
Nov 10 2023
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....
forbes.com
I’m retiring at 63, will my SS be taxed at a excessive rate if I have a pension?
Nov 02 2023
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 ...
reddit.com
UAW Couldn’t Restore Ford Pensions, But There’s A Good Business Case For A Pension Renaissance
Oct 27 2023
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....
forbes.com
Swiftonomics Is Big. Pensionomics Is Far Bigger.
Oct 12 2023
Taylor Swift has had a huge economic impact across the nation. Pensions also are an economic juggernaut, but they're often overlooked....
forbes.com
Why Striking Workers Are Pushing to Get Pensions Back
Oct 11 2023
Throughout history, pensions have been a way for employers to attract workers, especially when the labor market is tight....
money.com
Filling the Gap
Mar 23 2023
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...
reddit.com
Advice needed as I approach retirement
Mar 19 2023
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...
reddit.com
Where in the world can you have the longest retirement?
Mar 16 2023
As protests rage in France over pension reforms, we examine retirement ages and life expectancy around the world....
aljazeera.com
Pension & Roth IRA?
Mar 15 2023
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...
reddit.com
Popular Topics
Filter content by these topic groups:
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.