Pensions

Cash-Balance Plans vs Traditional Pensions
Cash-balance plans are pensions dressed up as accounts, with pay credits and interest credits. Here is how they differ from…

The PBGC Maximum Guarantee in 2026
If a pension plan fails in 2026, the PBGC guarantees up to $7,789.77 a month for a 65-year-old. Here is…

Cost-of-Living Adjustments on Pensions
Social Security rises with inflation every year, but most private pensions never do. Here is what that gap costs and…

Rolling a Lump-Sum Pension Into an IRA
A direct rollover moves a lump-sum pension to an IRA with no tax withheld. Take the check yourself and 20…

Single Life or Joint Survivor: Choosing a Pension Payout
A single-life pension pays more each month but stops at your death. Here is how survivor options work, and why…