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If you were a government worker that did not pay into the Social Security System and have been penalized for getting a Survivors or Spousal benefit because your Government pension was too high - That ...
As employers look to retain workers and employees feel economic anxiety. the trend toward offering pensions to workers could continue in 2025....
Over two million Social Security beneficiaries had their retirement incomes reduced due to two programs: the Windfall Elimination Provision and Government Pension Offset...
I will hit 60 this new year. I retired from a long career with immediate pension and took a job at a Non-Profit after I was offered a position as a manager. The position pays very well and has amazing...
I am 71 years old and worked for the Post Office for over 30 years. I am collecting a government pension and was not eligible for spousal benefits due to GPO.I do have an online SS account and used th...
I am 60 (F) and I have lived and worked in Canada all my life. I have been fortunate to work for two places where I could build/accumulate company pensions. I also have a small locked-in retirement ac...
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...
Having missed out on yesterday's pensions and today's 401(k) features, the latchkey generation is woefully unprepared for retirement. Here's how advisors can help....
The IRS has announced the cost‑of‑living adjustments for pension plans and other retirement-related items for tax year 2025....
I was with the company doing well at my job. They paid well. There retirement package was generous. With the pension, 401k and my contribution I was putting 23% away for retirement. Then at 53 when I ...
Tune in to learn about differences that Canada and the U.S. have when it comes to retirement accounts, tax, pensions and benefits. Find out how to get the most out of your u.s. and canada retirement a...
More than a trillion dollars sit in forgotten bank accounts, abandoned pensions or other misplaced assets. Here’s how to look for your unclaimed property....
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 ...
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...
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...
Here's what you need to know about QDROs (qualified domestic relations orders), which determine how assets in a soon-to-be ex-spouse's retirement plans or pension will be distributed....
Kudos to the American Academy of Actuaries (AAA) for releasing a new Issue Brief encouraging public pension plan administrators to provide eligible plan members with certain reference amounts when off...
...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 ...
ERISA, which turns 50 this year, safeguards pensions and 401(k) plans. But it has limitations....
This might seem like an odd question but I've been getting conflicting advice. Husband 71 and retired with pension and SS. I'm 65 and working full time at the moment. My full SS is 66, 10 months. My h...
We are both on all 401k and ira accounts. Our pensions have 100% survivorship to the other spouse. That's sad, I'm wondering about life insurance. Currently I have life insurancev my employer but that...
My wife and I are planning to retire at the end of the year and we're in a position where the majority of our pension pots are in my name. It means that I will quickly hit the threshold for paying inc...
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...
Hi all, My husband (66) is planning to leave this fall from his job of 30 years with a pension. I (65) have a small business and work PT which I plan to keep doing to some extent. We both plan on taki...
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 ...
Am I doing it wrong? Almost made the decision to retire in a year. I'm looking at all the money I currently have, plus what I will get from pensions and social security and added up all my projected e...
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...
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...
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...
Jason Roberts of Pension Resource Institute discusses how the DOL’s latest fiduciary rule…...
I just came back from visiting friends I'll call the L's. He retired from a state job and between pension and SS, his income is more than what his take-home was while working. She's still working but ...
This federal law determines many of the rules for your 401(k) or pension....
I (F 62) am getting ready to retire August 1st. I'm ready, and have run the numbers, and while I won't be swimming in money, I'll get by with SS and pension, and hubby's SS and pension, plus my 457 an...
A series of academicpapersbeing rolled out by the National Institute on Ageing (NIA) has added fuel to the oft-argued case for delaying benefits for the Canada Pension Plan (CPP) to the latest possibl...
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...
Jimmy in Wisconsin will have a pension, Social Security, and a seven year retirement shortfall. How should he cover it? Skipper in Texas has some unusual pension options, which makes the most sense fo...
I had to retire early (62) due to a work injury. Due to that my pension and Social Security are small. I do qualify for Medi-Cal dental, however all of the offices I have visited are not up to the car...
We had a good retirement income from pensions and investment income, so I waited to 70 to maximize my SS payment. I realize it makes sense for some people to take it sooner, but my health and genetics...
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 ...
Hi everyone! In order to preserve the buying power of a pension that has no cost of living adjustment, what percentage of the pension should be reinvested in the market each year? Suppose the pension ...
Husband and I have been planning to retire early in 5 years at age 60. Both of us are government employees and will have enough years for modest, but decent pensions. The idea has been that one of us ...
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...
I will be 63 this year & hubs is 4 years younger & retired 2 years ago with his pension. We never made saving for retirement a priority, AT ALL. No 401k or savings account. I am still working ...
The Internal Revenue Service provided initial guidance to aid employers in establishing pension-linked emergency savings accounts, an outgrowth of the wide-ranging SECURE 2.0 Act of 2022....
I have decided to retire early (62) and trying to decide if I should start this process with HR or just take all my vacations and then give 2 weeks notice. I have a pension plan but I probably will no...
I'm 55 and wife is 53. We both have 401k that we max out. I will get a pension when I retire. I can retire as early as 59, but the pension is significantly higher if I work until 65. But I am getting ...
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 ...
Hi all, I've been in the community for a little while, and I have seen many posts which pretty much have the same exact format... "I have this amount of money... I have a pension... can I retire now? ...
I recently retired with a pension. With my pension and my Social Security, I’m still going to be in a fairly high tax bracket. When I left my government job, I was allowed to roll my IAP 457 ove...
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...