Selling a Pension for a Lump Sum: A Bad Deal on Both Sides
If you get a monthly pension check, but need a lot of cash now, you might be considering a pension income stream deal. Here's why you should find another way to get the money.
pensions
Kodak to Sell 2 Units to Settle U.K. Pension Obligations
Kodak has agreed to sell its personalized and document imaging businesses to its U.K. pension plan as part of an agreement that settles $2.8 billion in claims.
How Many Years of Your Salary Are 401(K) Fees Costing You?
The financial pros all say you should invest in your company's 401(k) plan, but the fees on those investments can easily add up to a number that will shock you.
How a Roth IRA Could Save You $185,180 in Taxes
Adding a Roth IRA to your arsenal of retirement investing tools could save you a ton in taxes in the long run.
Americans More Financially Savvy Post-Recession, Survey Shows
The frugality and investing discipline that the 2008 financial crisis imposed on Americans appear to have led to permanent changes in spending behavior, a new survey shows.
SEC Charges Illinois With Fraud -- and Settles Immediately
On Monday, the Securities and Exchange Commission published a notice that simultaneously charged the state of Illinois with committing securities fraud and also settled the charges, without requiring Illinois to either "admit or deny" the agency's findings.
Want Security? Don't Invest...Save!
Want to retire with security to spare? Check out fixed rate annuities -- a way to save your way to security, rather than investing your way to an empty bank account.
Another Pension Bites the Dust: A Lesson from Hostess' Bankruptcy
When Hostess Brands entered bankruptcy liquidation, it became the latest in a long list of companies to kill its pension plan. And while the existing retirees may still be protected by the government's Pension Benefit Guaranty Corporation, younger Hostess employees won't be so lucky.
One Year From Retirement? Prepare to Make the Break
With one year left until retirement, you're in the final stretch. It's time to prepare for the transition, so give your budget a stress test, reallocate your assets and income sources, and take action on health insurance. Here are six helpful guidelines:
Who Pays Better: Big Companies or Small Companies?
Complaints over higher tax brackets aside, one rule holds true when it comes to your paycheck: Bigger is better. Now, thanks to a recent report out of the Bureau of Labor Statistics, we now know exactly where to look to score the bigger paycheck.
Big Money, Big Risks: Should You Take a Pension Buyout Offer?
If you're one of the fortunate workers with a pension, and you're employer offers a big lump-sum payment in exchange for it, it may feel like hitting the lottery. But how you handle that offer may be the biggest money test you'll ever face.
Is Social Security Becoming a Bad Deal for American Workers?
Here's a disturbing fact about Social Security you may not have heard about: For an increasing number of new retirees, the amount that Social Security will pay out in benefits will end up being less than the payroll taxes they paid in.
Will Employer Health Insurance Go the Way of Pensions?
For years, employers have been dropping old-style pensions in favor of 401(k)s, putting more responsibility for retirement in the hands of workers. Now, companies are considering doing the same thing with health insurance benefits: Meet the "defined-contribution" health plan.
New Law Gives U.S. Companies a Break on Pensions
A new law will let companies contribute billions of dollars less to their workers' pension funds, raising concerns about weakening the plans that millions of Americans count on for retirement.
Should You Accept a Pension Buyout Offer?
Recently, 90,000 former Ford workers got an interesting offer: They could trade monthly pension benefits for a lump sum of cash. Are such offers a good deal? That depends quite a lot on who you are.