Employees at our company were given an option of a new defined contribution plan with a cash payout and staying with the old defined payment plan. Most chose to stay with the defined payment plan..because it was maybe higher..
I will take my money and run in a few months.
I was at a summer job where they were offering the employees the same buy-out option. I told them it depended on how long they planned on living after they retired what they should choose. Too many of them took the buy-out and invested it in bass boats and RV's.
I was at a summer job where they were offering the employees the same buy-out option. I told them it depended on how long they planned on living after they retired what they should choose. Too many of them took the buy-out and invested it in bass boats and RV's.