Big decisions when rolling your pension into an IRA. Should you take the annuity payment for life or take the lump sum distribution?
Here are a few things to consider on what to do with your pension when your approaching retirement….(read more)
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Kids should pay for themselves in college, modern society caters too much to them.. money earned from blood and sweat means more than freely given.
Take the monthly payment. It’s YOUR money YOU enjoy it!Once people find out you have a lump sum, people are going to come out of the woods, like you hit the lottery. Everyone will have a sob story. Trust me!
What has a terrorist organisation got to do with my pension?
Thank you for explaining the two options in a simple way for the non-accountant to understand. I can take what I learned here into the conversation with my benefits department.
Jeff Rose. I I'm a state employee of Colorado and I am undecided on whether I should continue with the Define benefit pension plan or switch to the defined contribution plan which is invested in the stock market. Currently 15% is taken out of my paycheck into the IRA if I would switch over to the DC plan it will continue with 15% just in the stock market. My question is is it easier by investing in the DC plan and beat the pension. To me being in the pension would have a higher monthly payout when I retire.