Personal Finance Advice and Commentary

Friday, January 22, 2016 1:19 pm
By Dr. Don Taylor ·

The CFPB says, “When employees choose a lump-sum payout instead of a monthly pension payment, the responsibility for managing and investing the pension money shifts from the employer to the employee.

Tuesday, December 13, 2011 5:01 pm
By Jennie L. Phipps ·

Get ready to make a retirement planning decision. If you are eligible for a pension from a former employer that is worth more than $5,000, it is likely that early next year you’ll hear from that former employer offering you a lump-sum, cash-out option. This is one of the tenets of the Pension Protection Act,