Featured Jobs
|
Distributions Processor - Qualified Retirement Plans Anchor 3(16) Fiduciary Solutions, LLC
|
|
Retirement Combo Plan Administrator Heritage Pension Advisors, Inc.
|
|
DWC ERISA Consultants LLC
|
|
July Business Services
|
|
The Pension Source
|
|
Nova 401(k) Associates
|
|
EPIC RPS
|
|
Defined Benefit Specialist II or III Nova 401(k) Associates
|
|
Merkley Retirement Consultants
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
Retiree's Pension Decision: Lump Sum or Annuity?
The Dallas Morning News 
[Guidance Overview] Aug. 19, 2009
Excerpt: Taking the lump sum will give you considerably more flexibility and control over the timing and amount of distributions than the annuity. This could be a big factor in your decision if you need more income over the next 10 years prior to receiving social security. I would be in favor of the lump sum here. If you take the annuity, you will be counting on your company's (or potentially a company that acquires your company in the future) ability to make those payments to you for the rest of your life and your spouse's life. The Pension Benefit Guaranty Corp may or may not insure all of your benefits if your company can't meet its obligations.
|
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |