DEFINED BENEFIT PENSIONS
Some companies offer a defined benefit pension plan that provides retirement income. This income is based upon your pre-retirement income and anything else you contribute to the plan and is designed to last for the life of the employee.
There are several options to choose from when selecting this type of retirement plan that may convert your retirement income accounts into lifetime income streams. More than likely, your retirement income planning will include converting your assets into income streams.
There are several options to choose from when selecting this type of retirement plan that may convert your retirement income accounts into lifetime income streams. More than likely, your retirement income planning will include converting your assets into income streams.
VA PENSIONS
If you are the age of 65 or older, have served the military during wartime, and were discharged honorably, you qualify for a war veterans pension benefit; you should check this benefit out and see how much of the VA pension belongs to you.