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My old job had a pension and they offered me to cash out for $24k or get $100 per month for life – which should I choose?
Key Points Taking a lump sum payout on a pension could mean shorting yourself on income overall. It’s important to calculate ...
‘My wife is worried.’ I’m 56, with $625K in retirement, plus a pension. If I soon retire – but my wife keeps working – will we be OK financially?
Next May, I will be eligible to retire penalty free in the Federal Employees Retirement System — and I plan on using the supplement until I am 62. I don’t plan on taking Social Security until I am 65 ...
‘I’m not worried about a legacy.’ I’m 63 with no kids and $600K. I also get Social Security and a pension. What’s next for me?
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Millions of Baby Boomers Face This Pension Dilemma: Lump Sum vs. Monthly Payments - Which Is Best?
One of the most significant decisions anyone with a pension can make is taking a lump sum (annuity) versus receiving monthly ...
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I Have $1 Million and a Pension - Should I Use My 401(k) and Delay Social Security?
If you have $1 million in a 401(k) and collect a pension, you may be in a position to delay Social Security until age 70. Doing so can boost your monthly benefit by up to 24%. However, delaying ...
The 24-year-tally for Milwaukee County's controversial pension payout program: more than $400 million
Nearly 3,000 retired Milwaukee County workers have received cash checks for a total of $404 million under the pension backdrop program over 24 years.
Do you know where your retirement money is? Study finds thousands have forgotten pensions
A new report from the National Institute on Ageing says thousands of Ontarians are missing out on millions in unclaimed pension money.