by Sandra Wisnewski, J.D., Director of the Mid-America Pension Rights Project Since 1998, the Mid-America Pension Rights Project (MAPRP) has been assisting clients with pension issues. One question that we frequently receive is whether or not to take a lump sum payout of a pension benefit. Some employers offer a one-time lump sum payment in lieu of a traditional life-time annuity option. This option can be a … Continue reading Should I take a Lump Sum Pension Payout?
Via Forbes.com By Mitch Tuchman, Forbes.com June 19, 2015 It’s a basic truth about us as human beings. Most of us don’t want to think about money at all. And that costs us money in the long run. Data from Cerulli Associates puts a number on it — 38 million. That’s the number of stranded workplace retirement plans there were in the United States in 2009. … Continue reading Did You Leave Money at Your Old Job?
As pensions continue to grow scarce and Americans are assuming more and more responsibility for their retirement savings, the “online retirement calculator” has become an extremely popular tool that promises to tell you whether or not you are on track for retirement. These calculators, however, do have limitations. The following article, taken from the Wall Street Journal, lays out all of the information you need … Continue reading The Scoop on Retirement Calculators
Retirement is a goal we work towards throughout our lifetime, and ultimately should be a goal we enjoy. However, retirement does take a substantial amount of planning. Often times, people become overwhelmed with retirement planning – Have I saved enough? When do I know when I can afford to stop working? What retirement mistakes can I avoid? The following article is an excellent resource that … Continue reading Resources That Can Help With Retirement Planning