Question: I have a very small pension that I have earned while I worked for Johnson & Johnson. The pension will give me about $684/month when I retire in about 24 years and while it is not much it will...
Question: I have an option to begin a pension payout at age 55 or at age 60. At 55, I would receive $300 a month for life or at 60 $400 a month. I will not receive more than $400...
Question: Two and a half years ago I was let go from a prominent hospital in Houston after almost 10 years of service. I have a cash balance pension plan worth $23,000. I was out of work for 6 months...
I am 55 and retiring with over 30 years of service from a large local company. I have the option of taking a lump sum or a monthly annuity. Normally I would lean toward the lump sum, but with the...
Question Dear Madam/Sir: I took a voluntary retirement package from my previous employer beginning January 2008. I have a 21 year traditional pension plan and a 401K account. I have had no success finding alternate employment in this economy and...
The entry below is posted on behalf of Lynn Lawrance, CFP: Question: I am 57 and have earned a pension from a previous employer. I could start drawing it now, but there is a penalty for drawing it before age...
First--thank you for possibly assisting me. I am David -a retired Presbyterian Minister (2006). The Board of Pensions of the Presbyterian Church has written all retirees that their fund lost millions recently and a refiguring of pension monthly payouts may...
Question: Pension Benefits have not been filed for. I have no existing regular IRA or Roth IRA. My age will be 70 1/2 in December, 2008. Is there an IRS Code that mandates the deadline for receiving Pension Benefits? I'm...
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