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The pension maximization strategy a 64-year-old federal employee used instead of taking the joint-and-survivor option

Quick ReadElecting the $58,000 single-life FERS pension and buying a $300,000 20-year term policy for ~$3,200 annually nets ...
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How pension maximization might work, including the pros and cons

Pension maximization is a financial strategy that aims to maximize the income received from a pension plan during retirement. This approach involves choosing the highest possible pension payout option ...
Financial Planning

Pension maximization: Mitigating spousal benefit risk with insurance

Financial advisors are charged with considering the long-term well-being of not only their client, but their client’s family. Taking on the mentoring, coaching and — even in small doses — therapist ...
Brainerd Dispatch

Wealth Column: The potential pitfalls of a pension maximization strategy

The shift away from pensions (also known as defined benefit plans) to 401ks and other employer-sponsored plans (also known as defined contribution plans) is unlikely to abate anytime soon. Yet even as ...
Nevada Appeal

William Creekbaum: Pension election decision - part 3

This is the third article in a three-part series on pension election decisions. Today, I will look at a strategy to maximize your pension. As the name suggests, pension maximization can help you to ...
Newsweek

Casualties Of Pension Max

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. WHEN JOHN VOIGT RETIRED AT 55 FROM HIS JOB AS an IRS agent in ...