The Great Pension Sell-Off: Should you take a lump sum or an insurer’s annuity?
Carl Monheit’s former employer reliably mailed his monthly check to him for 17 years. A year and a half ago things changed. The Hackensack, New Jersey, resident, along with thousands of other retired managers, learned he would no longer be part of Verizon’s pension plan. Instead, the telecommunications giant bought them an annuity. While payments […]