Hi,
I signed up for the forum a few years ago but only recently started reading through the topics. My wife and I are within a year of retiring. My company offers either an annuity payout for our company’s pension plan or a lump sum distribution.
For those who have needed to make this decision, could you tell me your thought process? I have read a lot about pension protection under the 2006 federal law, but also know that a pension plan can be significantly altered by my company if they so desired (ex. lowering the payout) or potentially being eliminated if the company has been acquired. My company is a Fortune 500 company. Thoughts?
I signed up for the forum a few years ago but only recently started reading through the topics. My wife and I are within a year of retiring. My company offers either an annuity payout for our company’s pension plan or a lump sum distribution.
For those who have needed to make this decision, could you tell me your thought process? I have read a lot about pension protection under the 2006 federal law, but also know that a pension plan can be significantly altered by my company if they so desired (ex. lowering the payout) or potentially being eliminated if the company has been acquired. My company is a Fortune 500 company. Thoughts?