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Survivor benefits

Should you take your pension as a lump sum?

Publication

General Motors (GM) and Ford are offering to cash out the pensions of some retirees and instead give them a one-time lump sum payment.

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Spouse’s Consent Is Required to Change Retirement Account Beneficiary

News Item

Why does a married person who has certain kinds of accounts have to get his or her spouse’s permission to change the beneficiary of those accounts?

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Benbrook widow sues Fort Worth fund for husband's pension benefits

News Item

When So Son Harabedoff's husband died last year, she thought she would receive his pension from the Fort Worth Employees' Retirement Fund.

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Social Security Advice That Harms Wives

News Item

Most financial advisers give troubling advice to married couples about when to claim their Social Security benefits, advice that can substantially reduce their wife’s income during retirement.

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Pension error hits Fresno widow with $48,000 debt

News Item

Sally Baker answered her phone in late May and got hit with a double whammy from the city of Fresno pension system. We've been paying you too much on your survivor's pension, Baker was told. Kiss about $530 from your monthly check goodbye. And, the billion-dollar pension system added, we want all those overpayments returned. You got $48,000 to send our way?

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Pension or buyout? GM retirees make the tough call

News Item

Is it better for existing retirees to convert their pension to an annuity or to take a lump sum payout?

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Lump-sum pension offer a tough call for General Motors, Ford retirees

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Chuck White, 68, regularly tells friends who are Ford salaried retirees that they shouldn't get an ulcer worrying about whether to take a new lump-sum pension offer.

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GM's pension move is a lemon

Blog entry

Last week, General Motors announced that it will offer 42,000 of its salaried retirees the opportunity to take their lifetime monthly pension benefits as a one-time lump-sum payment.

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Are GM-like pension offers a good deal?

News Item

Over the next few weeks some 42,000 white-collar General Motors retirees will take a crash course in actuarial math.

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