Sunday, May 13, 2012
Companies test "pension buyouts" with lump sum offers
Daily Finance provides some discussion on “pension buyouts” with the example of a recent offer to former salaried employees of Ford with $90000 cash in exchange for remaining pension payments.
This sort of offer may not be good for people with longer life expectancies, including most women, the article says.
It says that with “take the money and run” arrangements, you usually can roll it over into an IRA and shelter it from taxes.
The article was featured on AOL today.
The link is here.