An increasing number of people are being offered early retirement incentives, presenting them with a choice: Take a lump-sum payment, or join a company pension plan. But which is best?
The short answer is that it depends on your situation, said Koji Watanabe, a financial planner at Commerce Trust Co. Each option presents pluses and minuses that you need to carefully weigh based on what your entire retirement package looks like.
“You can’t just focus on the pension to make a decision,” Watanabe…
An increasing number of people are being offered early retirement incentives, presenting them with a choice: Take a lump-sum payment, or join a company pension plan. But which is best?
The short answer is that it depends on your situation, said Koji Watanabe, a financial planner at Commerce Trust Co. Each option presents pluses and minuses that you need to carefully weigh based on what your entire retirement package looks like.
“You can’t just focus on the pension to make a decision,” Watanabe…