InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,344.16
(
0.47%
)
US TECH 100
18,024.00
(
0.56%
)
Dow Jones
39,497.54
(
0.13%
)
Brent Oil
79.49
(
0.00%
)
Bitcoin
60,395.08
(
-0.79%
)
Post# of 116218
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

BullNBear52

Send PM Follow Ignore
Followers 131
Posts 202096
Boards Moderated 19
Alias Born 12/16/2002

BullNBear52

Member Level

Re: janice shell post# 93871

Monday, 03/27/2023 9:16:11 AM

Monday, March 27, 2023 9:16:11 AM

Post# of 116218
The 401K is all hers. The pension she gets when she retires. She can take a lump sum / all of it or the company will pay her a monthly annuity. The problem there is if she dies she loses the remaining balance of the pension.

So the whole pension balance when she retires will roll over into an IRA along with the 401K.

Pensions are a touchy subject in Europe. Her company finally stopped making contributions to the plan in 2021 but it still accrues interest on the current investments. Companies in Europe are trying to wean themselves off pension plans.

Funny watching the French complain about the increase to 64 for retirement. In the US it is now over 66 for full retirement for SS.

Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up