With everything going on right now, especially a pandemic that’s caused havoc on homes and businesses, a lot of people are retiring early. Most initially think they’d take the lump sum. Then again, some feel the installments would work best for their situation. Regardless, with both of ...
A commuted pension may help a retiree achieve some lifetime goals, but it could leave him or her strapped financially at some point in the future. In order to decipher the pros and cons of a commutation of pension assets, it is helpful to look at the different possibilities. The ...
The article focuses on the pros and cons of unlocking pension prior to retirement. Retirees and plan members contend that the locking-in rules deprive members of the right to access their retirement savings and manage changes in their lifestyle. Among the Canadian provinces that introduced ...
Itemizing is composed of individual deductions that, together, can help lower the amount of taxable income you pay. Read on to discover the pros and cons of a standard deduction vs. itemized deduction to decide which approach is best for you. READ: Your Guide to 2021 Tax Deductio...
The cons of working overtime Whether you’re eager to increase your work hours or just following your boss’s instructions, there are some risks to taking on overtime. Here are five disadvantages to take into consideration. 1. It can affect your physical health ...
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Consider this defense of socialism by Bruce Nissen, Carol McNamee and Sean Armil. Explore socialism with the Brookings Institution primer. Analyze Andy Puzder’s defense of capitalism. Consider how you felt about the issue before reading this article. After reading the pros and cons on this topic...
Still, taking a buyout is no no-brainer. Here are some of the pros and cons of walking away with the money: Pro: All that money - woo-hoo! Imagine waking up one morning to a $100,000 bank account balance. What do you think that feels like? I don't know either, but I bet it...
Pros and Cons of a Cash Balance Pension Plan While this type of plan does have several benefits, there are some disadvantages to consider, as well. Pros Lump sum payouts Rollover options Tax-deferred Custom contribution limit Cons Taxable distributions ...
Before you decide to retire, consider the pros and cons of quitting work at different ages to make sure you have the financial resources you'll need.