But what happens if the company providing your pension goes bankrupt? In these cases, it’s important to understand the fine print of your pension and how your finances can be impacted. Follow these guidelines when navigating the potential bankruptcy of your pension provider: Understand the ...
Rolling a lump sum pension payment into an IRA will allow you to plan when you take your distributions—and when you'll pay the associated taxes.7 Regular Pension Payments A regular pension payment is a set monthly payment payable to a retiree for life and, in some cases, for the life o...
Voluntary plan termination is the discontinuance of adefined-benefit planby an employer. Since an employer is not legally required to provide a retirement plan to employees, it can terminate an established plan. However, an employer can terminate a voluntary plan only if all of the requirements ...
What happens if you leave a job before you are vested? When you leave a job before being fully vested,the unvested portion of your account is forfeited and placed in the employer's forfeiture account, where it can then be used to help pay plan administration expenses, reduce employer contrib...