Let’s Talk About Retirement

frangul asked:


The opportunity to have company pension contributions put into a union pension without getting any pertinent information regarding the opportunity is being put in a contract and some might vote yes to get the other things. Any responses, suggestions?

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Julio asked:


I have been paying social security for 25 years now. I am 52 and I am planning to live abroad until the age of 62. That’s when I intend to come back to the States and retire. Can I Retire at that age and still
get the social security pension check?

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Chris Michener asked:


I know that the PBGC backs pension plans, but I don’t understand the details very well. Can you still lose some of what you have saved?

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hh asked:


If you retire and your not working for a company anymore, how does the company make enough money to pay you a pension if your not doing any work for them anymore.

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Christina D asked:


What is the difference between pay as you go pension plan, personal pension plans, fully funded pension plans, and private pension plans? and what kind does Social security fall under?

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The Don asked:


I have a cash pension plan at work. Its up to a decent amount. Can I borrow from it or is it only available when I retire?

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Patrick Weber asked:


I would like to invest the lump sum in a business - my own. Can I do that with the pension lump sum pay out?

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Joanne M asked:


My husband retired in October of last year and we are really afraid they are not taking out the proper amount of income tax. We do not want to have to pay a large amount when we file our taxes. He is filing married with 0 exemptions. They are only taking out 2.7% in taxes and we are both fairly certain this is not correct. Is pension income taxed differently than regular income? Should we have them taking out a larger, fixed amount to be safe?

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Tawny Angel asked:


I lived and worked in Canada before coming down here and my Canada Pension Plan (CPP) is due to effect. Studying the given relevant IRS instructions, the CPP is neither a Qualified Plan, nor a U.S. Annuity Plan. How do I calculate the amount of tax payable? Before seeking help from a professional tax planner or going for the IRS helpdesk offer on this issue, could some experts shine some light for me?

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Richard K asked:


Rather than deal with bankruptcy, etc. as I am retired, I am thinking of permanently relocating outside the country and just forgetting about my debts. I have lived, and have an account in an asian country and can reside there permanently. Is this an option without drawbacks, such as freezing of pension or attachment of it?

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