Please pay attention to the government request for input on consideration for changes " enhancements" to ERISA. This may well be a case of you snooze- you...
Interesting...implies that UK pension regulators may be unable to enforce pension obligations because IBM's HQ is a foreign entity. Does anyone know if this is...
I was reading a book on Retirement by a fellow and he referenced this article on cash balance conversion by a Professor at the University of Nebraska. If you...
Looks like these German Pensioners got pretty mad at the fellow who they felt stole their pensions. Pretty gutsy guys. Germany's Kidnapping Trial: Revenge of...
What is my next step? I requested a pension estimate and a document. They sent the document right away with a letter saying that the estimate would come under...
write again certified mail, electronic return receipt requested , enclose a copy of the letter you got, and politely ask again. If after a few weeks, still no...
I read somewhere that there is a $100 a day penalty for being late. Is that correct? Do they only have to pay that if they "punish the company". Thanks. Sue...
I have 30+ years at IBM and am thinking of retiring soon. I have been running thru different retirement dates and payment start dates on the NetBenefits site...
It sounds like you are talking about taking the lump sum plus the residual annuity and that it is the residual annuity that is decreasing in 2011. If that is...
It's because they are all estimates and the folks writing it don't know how to handle the facts. The retirement plan is frozen for contributions; remember. The...
... Your statement is absolutely incorrect. The PCF pension formula uses the average of your earnings over the final 60 months or employment, or the average...
... I should clarify this by changing the last part to: ... since the highest 5 year period will be used, up to the date of the freeze. Earnings after the...
I was RA'ed last year and my severance is now dry. Can I draw on my cash balance pension without any withdrawal penalties while I am still collecting...
You obviously did not write the program currently used to provide the "estimated" values. The numbers are "WRONG", though very close to what you would expect....
I think I misunderstood what you were saying in your original post. I thought you were saying that the pension formula uses a value of zero in the calculation...
While IBM may allow you to withdraw- your friendly IRS may penalize you- depending on age, etc Get some professional advice- or go to IRS site and look up 401k...
I asked a question of the IRS on their website - Some might be interested in the answer Dear Taxpayer, Thank you for your inquiry, I apologize for the delayed...
OK, I just got RA'ed yesterday. Initially given an exit date of March 31, then just a few hours later extended to May 31, LOL. Plus I get the 6-months...
For those of you near 65 or older, and who may be considering converting most or all of your IRA-401K funds to roth be aware of a not so subtle gotcha ...
Some things to think about... Your financial planner should be a fee-for-service planner who will not profit from your taking the lump sum and investing it...
Please be aware that the medicare B premiums are adjusted annually so in the case of the IRA-401K conversion, you will pay a higher premium the year following...
Sounds like you are sort of on the right track- a few suggestions 1) Was the financial planner a fee for service type or did he have annuities, etc to sell ? ...
Disclaimer: I am not a financial planner (well, except for myself). 2nd Disclaimer: My advise is worth what you are paying for it :) 3rd Disclaimer: My...
Faced similar decision last fall (one difference married so I had to make decision on whether to stick with the surviving spouse 50% default or chose another...
Scall0way, You're eligible to withdraw without penalty from the 401(k)if you wish after you retire, since you're over 55 and part of a "qualified retirement...
... This sounds a lot like me. Monday was my notification day, but wasn't totally surprised based on past events. I am also retirement eligible (no bridge...
