In our weekly series, readers can email in with any question about retirement and pension savings to be answered by our experts. If you have a question, email us at money@inews.co.uk. Question: I’ve ...
Retirees could earn more retroactive lump sum payments for the time they missed out on the benefits.
Deciding whether to take a $400,000 lump sum or monthly pension benefit of $2,000 requires calculating the relative value of each option. Generally speaking, the sooner you can receive the lump sum, ...
Questions to ask yourself as you look at pension funds include: What will be the effect of inflation on the purchasing power ...
The couple holds $4.8M to $5M in retirement assets without counting home equity. The husband’s pension offers $2.9M lump sum at 60 or $15,600 monthly with survivor benefits. Their annual retirement ...
It’s likely that your defined benefit pension was tested against the lifetime allowance when you took it. The scheme administrators would have confirmed what percentage of the allowance your pension ...
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