While they have become less popular, some people are blessed to have a defined benefit pension plan as part of their compensation package. Most defined benefit pension plans have the option to take a ...

Defined benefit pension plans can be troublesome for sponsoring employers to maintain. The long-term liability for funding pension benefits coupled with unpredictable investment returns creates ...

When your pension matures, there are multiple distribution options that you can choose from. Unfortunately, many of these distribution methods result in a tax liability that reduces your payout.

Q: I have worked for the same company for over 20 years. When I was hired, there was a defined benefit plan that was discontinued a few years later. HR will require me to decide if I want to take a ...

Many traditional defined benefit plans, such as final average pay plans, offer a lump sum distribution as an optional form of benefit. The amount of the lump sum distribution is sensitive to the ...

Retirees facing a $400K lump sum or $2,000/month pension are not just picking a payout style, they are locking in how much risk, flexibility and security they want for the rest of their lives. The ...

Aging hippies who once fretted about the bad brown acid going around at Woodstock should now be on the alert for another, potentially treacherous, type of LSD — lump-sum distributions. Processing ...

Old fashion employer-sponsored pensions, technically known as “defined benefit pensions,” have been an important source of retirement income for decades. For retirees, they often make the difference ...

I am a non-resident alien working in Oregon U.S.A. My assignment in the US will end at the end of 2007 and I will retire and return to Canada at that time. I plan to take a lump sum distribution from ...

For some reason in 2023 and early 2024, there has been a wave of layoffs. And once you’re laid off, you have an old 401(k). Now you have options. Do I roll it to my IRA? That’s the most common option.

Forbes contributors publish independent expert analyses and insights. I am passionate about pensions, recessions, IRAs and retirement. Recent changes by the IRS have perked up interest in companies ...

General Electric (GE) recently announced they had frozen their defined benefit plan and were offering lump-sum pension payouts to about 100,000 retirees. GE will also discontinue making pension ...