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I think it would be nice to have that option, I was told by my company I get my pension monthly, no lump sum opportunity. I might take a lump sum if it was large enough.
Lump sum is better, I took the pension monthly, but had I invest that lump sum amount, it would be much bigger than my pension. But hindsight is 20/20.
If you understood the context of the story it would be clear to you what "can" happen to already retired people.
A lot of things "can" happen, however, you are reading things into the article that are simply not their. So, basically you think people should not be able to make choices. I disagree.
It's nice to have a man in office who's giving us choices and putting people to work.
Record employment levels should be contributing a lot more money towards keeping my SS checks coming in.
DH took his defined annuity plan (I don't know what else to call it as it's not his pension) as a lump sum. We wanted to do it that way so we could vary the amounts we withdraw. It's in a rollover IRA so it's easy enough to access.
We could have left it with the union and received a set amount per month in addition to his pension.
ETA: If his pension had let us roll it over, we probably would have done the same thing.
Danger, Danger! - One should read beyond click-bait headlines before deciding what the article says. The focus is not all retirees, the 'danger' of pensions or how Trump is hurting retirees. Those things are all read into the article by an OP with a pre-article agenda.
It says, 'those who already elected to take their annuity/pension payout can not go back downstream and re-elect to switch-back to a lump sum payout.' (Who knew they could do that anyway?)
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