Recent content by axle234

Not trying to create a argument, just providing choices. The Baltimore Steel workers has a Vested pension. The PBGC took over the under funded pension plan and later reduce workers pensions. They even asked retirees to pay back money. In later years, I believed Verizon asked management...

Sadly, folks here took drastic cuts in their Pensions when the companys here went under. Loosing 12K or more a year. You just need to see which Risk is best for you. Others here have Never seen their Cola or little pension increase to meet inflation. Recent pension news - "Corporate...

I was offered the same and took the Lump Sum. My financial planner put it in a IRA. Plus sides - you can withdraw monthly payments, it can grow, depending on where you invest it. Passed on after death. Down Side - investment can go down, It depends on if you have a Financial Planner, can...