Sentences with phrase «employer pension payouts»

Not exact matches

The chances that you'll be able to do better than the monthly payments offered by your employer are low — a 2015 General Accounting Office on pensions and lump sums found that the payouts on company pensions are generally much more generous than those offered by private insurers — but it doesn't hurt to check.

Many employer pensions have generous early retirement benefits with a «bridge benefit,» in which case your total monthly payout is actually higher before age 65 than after.

Or maybe your employer's defined benefit payouts aren't enough to bridge the gap between government pensions and what you need.

It can also be a reasonable strategy if you are wealthy or have a generous employer pension, but in those cases the optimal approach can be complicated by the specific payout pattern of the pension or by complex tax and estate issues.

To avoid this significant cut in a pension payout, the employee must have the pension administrator transfer the funds directly to an IRA, or another employer - sponsored plan, within 60 days.

That's «easy» in the sense that employer contributions, employee contributions and other sources of cash infusions can be adjusted to meet the pension's payout liabilities.

For example, your pension benefit might be equal to one percent of your average salary for the last five years of employment, and then times your total years of service.1 Over the years, your employer makes contributions on your behalf and promises to make you regular, predetermined payouts every month when you retire.

These include old employer 401k's and 403b's, lump sum payouts from pension plans, and of course IRA's.