Is It Wise To Trade Your Pension for a Lump Sum?
By Krista McBeath, McBeath Financial Group Most private employers have already replaced traditional pensions, which promise lifetime income payments in retirement, with defined contribution plans such as 401(k)s. Fifteen percent of private-sector workers and 75 percent of state and local government workers still participate in traditional pensions. Altogether, 35 percent of workers say they (and/or […]