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My experience has taught me that no pension plan is better than your own. Your own plan. Your own design. Your own goals. Whatever you choose, be it tax deferred annuity, tax shelter, sometimes even the bank and CD's, your interest will probably be higher than a pension plan, because you will constantly be moving your money into a better-yielding investment. That's some pensions plans (planners?) don't usually do. Not their money anyway . . .
Wiki User
∙ 13y ago
The best pension plan depends on individual circumstances such as age, financial goals, and risk tolerance. It's recommended to speak with a financial advisor to determine the best pension plan for your specific needs. Some popular options include 401(k) plans, IRAs, and employer-sponsored pension plans.
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What is the average pension lump sum amount?
The average pension lump sum amount varies depending on factors such as the individual's salary, years of service, and pension plan rules. Typically, lump sums are calculated based on a percentage of the pension or a specific formula set by the plan. It's best to consult with your pension plan administrator for specific details.
When can i claim my widows pensio?
You can typically claim a widow's pension after the death of your spouse. The specific requirements and timing for claiming depend on the pension plan or system in place. It's best to contact the relevant pension authority or consult the pension plan documentation for specific information on when and how to claim your widow's pension.
Are you entitled to a widows pension at the age of 55?
It depends on the specific rules and regulations of the pension plan you are referring to. In some cases, widows may be entitled to a pension at the age of 55 if they meet certain criteria outlined in the plan. It is best to consult the specific pension plan or a financial advisor for accurate information in your situation.
How many years do you have to married to collect your spouse pension?
Typically, you must be married for at least 10 years to be eligible to collect your spouse's pension benefits. However, this requirement can vary depending on the specific pension plan and its rules. It's best to check with the pension plan administrator for accurate information.
What is the population of Ontario Teachers' Pension Plan?
As of 2021, the Ontario Teachers' Pension Plan has approximately 329,000 active and retired members.
What is the best way to set up my pension plan?
If you are currently working you should talk to your boss about your pension plan and about making donations to your 401k. If you are not working then the best thing to do is to consult a professional at a company like Fidelity.
Can you borrow money from your pension plan?
Can you borrow against money from your pension plan?
What is the best pension plan for someone who wants to start saving in their mid-thirties?
It is important to diversify your account. If your employeer offers a pension plan or 401k, start there. Look into IRA's as well.
Who is the plan administrator for Continental Employees Pension Plan?
QuestionContinental Can in Toronto, Ontario Canada. who is administering the pension plan?Answer
What is the population of Ontario Teachers' Pension Plan?
As of 2021, the Ontario Teachers' Pension Plan has approximately 329,000 active and retired members.
When was Ontario Teachers' Pension Plan created?
The Ontario Teachers' Pension Plan was established in 1990 through the merger of the Ontario Teachers' Superannuation Fund and the plan for teachers of the former Ontario Board of Education.
Can you put lawsuit settlements into your pension plan?
Cam you put lawsuit settlements into a pension plan?
Who do you contact about Strawbridge and Clothier pension plan?
For Social Security pension, you must be of the proper age, which is dependent on when you were born. For a company pension plan, contact
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