Older couple meeting with a financial advisor
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For retiring workers who are given the pension choice of a lump sum or lifetime payments, one thing may play into their decision: whether they think the employer will be able to meet its long-term commitments.And as some companies work to regain their financial footing amid the economic hit caused by the pandemic, the issue may loom larger than usual.“That’s one of the biggest considerations that employees have when doing this kind of analysis,” said certified financial planner Leslie Beck, owner and principal of Compass Wealth Management in Rutherford, New Jersey. “Many […]
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