Big Money, Big Risks: Should You Take a Lump-Sum Pension Buyout Offer?
Filed under: Retirement, Power of Planning
When times are tough, it often feels as if the only shot you’ll ever have at making ends meet is winning the lottery. If you’re one of the fortunate workers with a pension, and you’re offered a big lump-sum payment in exchange for it, you might well feel like your lottery wishes have been granted.
And the odds of it happening are somewhat better than that lottery windfall: Ford (F) and General Motors (GM) alone made such offers to more than 130,000 of their workers earlier this year.
In…
Big Money, Big Risks: Should You Take a Lump-Sum Pension Buyout Offer? originally appeared on DailyFinance.com on 2012-09-08T06:00:00Z.
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