In the ever-changing landscape of retirement planning, understanding the options available for your pension plan is crucial. One common question that arises when leaving a job is whether you can ...

When your pension matures, there are ... Because pension distribution taxes can be so high, investors wisely seek out ways to ... More control over their money. When you take a lump sum, you can ...

Prioritising your pension can be a difficult sell to those who are still decades away from retirement – but analysis suggests ...

You can take money out of most pensions from the age of 55 (currently) even if you are still working. But if you take more than your 25% tax-free lump sum you will pay tax on it.

Let's put some numbers to this. We had a client who had a $600,000 lump sum pension. If they did not take the lump sum, then they would receive $3,000 a month for the rest of their life but would ...

It's important to consider your financial situation, family situation, health and more to decide the best move for you.

Optimizing your taxes, both now and in the future, can help your money stretch even further and protect you from running out of money. Maximize Social Security.

When you save into a pension you benefit from tax relief on your contributions - effectively a government top-up to your savings. When you take money from your pensions, you generally have to pay tax ...

For example, if you start collecting your pension at 65 and live for another 12 years, as 77 is the average annual life expectancy in the US, you can expect to earn $68,400 over these 12 years by ...

Typically you need to wait until you reach retirement age to start taking money out of a cash-balance plan. However, unlike a traditional pension plan , a cash-balance plan is portable.

If you receive a lump sum pension payment when you leave a job, rolling the money into an IRA can help you avoid a costly tax bill associated with the distribution. By opting for a direct rollover ...