Showing 50 results of 272
Eighty percent of retirees pay $0 in federal income taxes, but since you have a pension, you're likely in the 20% who will pay taxes. What you can do about it.
I tried to keep this as brief as possible and it’s still too long. But it’s laid out pretty well. My spouse and I will soon be 62. We both work for government and we’re both eligible for a pension. Th...
At the end of the year, I am retiring at 60 (wife retired last year). We have a 5 year pension that starts in January and essentially replaces my income. We have always lived below our means and will ...
Surprise! Just over half of Americans 65 and older currently have a pension. Here is how much these guaranteed lifetime benefits pay out in all 50 states.
Retirees with pensions and large tax-deferred accounts often find themselves pushed into permanently higher tax brackets. Here's what you can do about that.
If you're a retiree with a pension, treating taxes as a core part of your retirement strategy is the best way to keep your income sustainable for the long haul.
How you answer this question can make a big difference in your retirement savings, and there's no one-size-fits-all approach. Here's what to consider.
Choosing between a pension lump sum and monthly checks? Ask yourself these 3 essential questions before making an irreversible retirement decision.
Hi everyone, My wife and i are hoping to retire in about 7 - 10 years, ultimately my question is have I forgotten anything important in my calculations. My wife will retire with a full pension and i w...
Can anyone help me with this? I've got a pension, and it has an increase every year which is a fixed dollar amount and I can't find a calculator that supports this. So if my pension is $38,000 and my ...
Depending on the size of your pension, you might be able to stop worrying about hitting a specific savings number and start focusing on ways to use your wealth.
I retired from full time work with a pension that pays most of my expenses, including healthcare. I also have some part time work. If I have extra money at the end of the year from this work, should I...
If you're lucky enough to have both a pension and a $1 million nest egg, your biggest threat isn't running out of money — it's not fully using what you have.
Need help with January 2028 retirement. Wife and I will both be 62 at time of retirement. My gut is to take the largest partial lump sum distribution (PLSD) and get money in my hands. That amount is $...
The established wisdom is never to touch your Roth IRA, but if it contains a large sum and you have a pension, too, here's when you should tap into it first.
June in Washington State is 62 with $2.5 million saved and a $350,000 pension on the table. Should she take the lump sum or the monthly check for life? Spoiler alert: there's a 3-to-1 vote in the stud...
I have enough money in my retirement accounts and 401ks I think for the rest of my life. My question is this should I take the lump sum for the pension or monthly payments. There is no Cola. My inclin...
The decision to move to a different state should balance financial issues with the lifestyle you want, rather than simply choosing a low-income-tax state.
I have been toying/hoping to retire in March 2027. My goal has been on my 30th anniversary at my current job. I do have a pension that I could have been taking but I was thinking about it like Social ...
When I claim SS my wife and I suddenly have another $5700 monthly coming in (mine+spousal). That WELL exceeds what we need to live on - even with a generous vacation budget. I'm thinking that at that ...
Here's my situation. I am 61 and currently employed and have a 403b that I am contributing to. I intend to work until I am 70 at least. I have an old pension plan which will give me $1200 if I wait un...
I'm 60. I retire in June. I have a state pension. There's a caveat that says I can retire, lay out for 90 days and start drawing my pension, then return to work for up to five years at full salary (an...
Income from your pension, savings and Social Security could provide the protection bonds usually offer, freeing you up for a more growth-oriented allocation.
Most people have no idea they’re leaving money on the table, especially when it comes to old pensions, forgotten retirement accounts, and benefits from jobs they held years ago.
Retiring with a pension changes everything about your retirement math. Most people think about retirement in terms of net worth—how close they are to a million, two million, or more. But if you have a...
Public-sector pensions are shifting more risk onto employees through hybrid designs, variable contributions and COLA changes, transforming retirement planning for millions....
This is a small pension that my wife has from a previous job. Papera came in last week...take a lump sum rollover of $21,500 or wait until she is 65 (2033) and take the $274 per month until she has pa...
Corporate pensions are pausing de-risking amid rate uncertainty and litigation. Are plan sponsors acting like bond traders? The data—and behavior—suggest yes....
If your Social Security benefits should drop, a pension could provide a financial buffer....
I’m 54. I have a small, under $50,000, 401k that we contribute to monthly and I have a pension. If I take the pension early it will be $1,200 per month. If I wait until 62 it will be $2,000 per ...
Cash balance plans can significantly boost your retirement strategy if you want a reliable, guaranteed income stream....
New research suggest that U.S. public plans have successfully navigated the transition into more diversified investment portfolios....
Collecting full pension? Learn when and how to access your pension, avoid penalties, and locate your pension benefits. The post Collecting Full Pension: What You Need to Know About Timing and Eligibil...
If your pension impacted your ability to collect Social Security benefits, 2025 is a very good year for you and your spouse. The Windfall Elimination Provision and the Government Pension Offset are no...
A financial planner raises some key considerations for navigating retirement with a pension and recommends four strategies....
Let’s journey back in time and discover how an old-timey car company turned people against pensions and ushered in the era of 401(k)s. The post How a Popular Car Company Screwed Over Its Workers...
This financial planner unpacks why Roth conversions can save you big-time on taxes if you're a retiree with a pension....
I have a small pension from a car manufacturer I worked for 20 years ago . I have been receiving payments for the last few months and have just realised as my tax return comes around that I have had n...
To read this story on KSL.com, click here. “If you don’t have a pension, you could face one of the biggest risks in retirement today,” warns financial advisor Ryan Thacker.…...
Beyond the Pension: A Guide To Building a Profitable Business in Retirement...
I'm one of those who retired without a pension. Fortunately, we worked hard and saved well. Having said that, I know that I can only enjoy the good life while my investement's are humming along nicely...
Hard to create a succinct title. Just saw an article that says I need 80% of my current income multiplied by years of retirement. So I do the math and come up with 3 million. I don't have 3 million. B...
I am in and out of some really nice CCRC communities for my job. People tend to casually chat with me during the course of the visit and almost everyone who lives in these CCRCs mentions they have a p...
At a time of resistance to environmental, social and governance goals, pension funds have become a bulwark against efforts to sideline climate risks....
The road to a secure retirement is slightly more intricate for people with pensions. Here are four key issues to consider to make the most out of yours....
ProFeds Founder, Chris Kowalik, explains the pension calculation that employees can expect if they are RIF’ed. KEY TAKEAWAYS: The pension formula The challenge of including military service The ...
ProFeds Founder, Chris Kowalik, walks through the effect that a RIF will have on an employee’s pension based on their length of federal service. KEY TAKEAWAYS: Effect on pension if an employee h...
I am 65 YO and currently working. My previous job had a pension. I received a letter saying I am now eligible to draw that pension. Can I draw from this pension while still working? Should I ? Backgro...
Just received a notice from SSA that I may be eligible for a pension from a firm I worked at years ago. It’s not an insignificant amount. That company, though, was bought by another company, tha...
Retiree spending powered by U.S. private and public sector defined benefit pensions is substantial: $1.5 trillion in economic output, supporting 7.1 million jobs....