Retirement Plan Payout: Three Factors To Consider
The good news is you have a pension. According to the Bureau of Labor Statistics, 15% of private industry workers had access to a specified pension plan in 2024. And if you are close to retirement, you may be considering at what age to start the income or to take a payout. There are many factors to consider in your decision. Inflation: Pension income is usually level, meaning it doesn’t increase over time. Once you …