Tag: annuitize

happy older couple looking onward

Retirement for workers in state, county and municipal government fits a certain picture: a regular monthly pension payment awaits them. But there are important exceptions, which a recent study has filled in. A small minority of public sector workers get some or all of their retirement benefits in the form of a one-time cash payment…

Hourglass blue sand and stack of coins

A “Social Security bridge” may be the best option for generating lifetime income from 401(k)s. 401(k) plans and Individual Retirement Accounts (IRAs) provide little guidance on how to turn accumulated assets into income.  As a result, retirees have to decide how much to withdraw each year and face the risk of either spending too quickly…