Category: Pensions

Will Pensions Make a Comeback? (Should You Make Your Own?)

Most people categorize pensions in the same bucket as eight-track tape players, rotary phones, oversized shoulder pads and cathode-ray tube TVs — out of date.  But, pensions just might become the latest retro craze — especially those you can create for yourself! NOTE: If you are lucky enough to have a pension, the NewRetirement Planner…

Podcast: Kevin Hanney — The Past, Present and Future of Pensions

Episode 40 of the NewRetirement podcast is an interview with Kevin Hanney about the evolution of pensions and the future of employer sponsored retirement & lifetime income solutions. Kevin is the Senior Director of Pension Investments at Raytheon Technologies (formed by the merger of United Technologies and Raytheon) where he helps oversee about $100B retirement…

lost 401k

Find Lost 401k: How to Find Out If You Have Lost or Forgotten Retirement Accounts

Here is a guide for how to find lost money — a lost 401k or other unclaimed retirement benefits. The Big Takeaways… Each year, it’s estimated that more than 900,000 401(k) accounts go unclaimed, in addition to $300M in unclaimed pensions. The simplest ways to find your lost 401(k) is by contacting your previous employer,…

Pension

Should I Take a Lump Sum Pension Offer? Use a Lump Sum Calculator and a Retirement Calculator

If you are debating whether or not to take a lump sum pension offer in place of lifetime benefits, it’s important to understand key information in order to make an informed decision. According to a new Government Accountability Office report, many of the informational materials provided by sponsors offering lump sums do not present enough…

Pension

Retirement Planning: Congress Allows Some Pension Benefits to Be Cut — Even Benefits for People Already Retired

Anyone with a multi employer pension is at risk of cut benefits. You’ve probably seen it in the movies. A worker reaches retirement and the company presents him or her with a gold watch and a nice, comfortable pension. That kind of security makes devoting years of your work life to a single company or…

Pensions, Retirement and Savings

Expert Interview with Ros Altmann about Pensions, Retirement and Savings

Dr. Ros Altmann of PensionsAndSavings.com is known as a consumer champion and has spent a good part of her career “highlighting financial injustice, helping ordinary members of the public pro bono and explaining complex financial or economic issues for the layperson.” With her vast experience and strong knowledge base, her insight on retirement and investment-related…