Pension Buyouts: A Good Idea or Disaster in Disguise?

As you might already know, the typical pension guarantees a monthly check once your retire from the workplace and reach a certain age, for life. But now days, some companies are offering a pension advance, which is an alternative type of pension that is provided in one lump sum payment. Sometimes it’s the employer offering a buyout, while other times it’s a company who’s business is buying such payments.

More Companies Are Jumping in the Wagon

This alternative pension is often aimed at government and military retirees who have great pension benefits and for those who have bad credit scores under their …read more