Tag: retirement security
Older people on both sides of the pond want to leave their house to their children. I sat next to a Brit the other day. At one moment, the discussion was focused on insuring against long-term care needs and the advantages of using the house as a source of retirement income. The next moment t…
Transforming a stream of lifetime benefits into a lump sum undermines retirement security. Recently, the IRS walked back protections that limited a company’s ability to offer a lump-sum payout for the monthly benefit provided by its defined benefit pension plan. This strategy of offering lump sums allows companies to reduce their liabilities before purchasing a…
