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A spouse is a husband or wife as recognized under applicable law, but in retirement and pension planning, this simple definition carries very important financial and legal meaning. Meta description:Learn …
What is a Spouse? – Simple and Easy Explanation Read More
Spousal consent is a legal requirement in many U.S. retirement plans that protects a spouse’s rights to pension benefits. It ensures that one spouse cannot change certain retirement benefit options …
What is Spousal Consent? – Simple and Easy Explanation Read More
A Social Security Offset Plan is a type of pension plan that reduces an employee’s pension benefit by all or part of the Social Security benefits the employee is expected …
What is a Social Security Offset Plan? – Simple and Easy Explanation Read More
Health excess/stop loss insurance helps protect health plans and employers from extremely high medical claims that could otherwise cause serious financial strain. Understanding Health Excess/Stop Loss Insurance Health excess/stop loss …
What Is Health Excess/Stop Loss Insurance? – Simple and Easy Explanation Read More
A pension payment option that helps retirees receive a more stable monthly income before and after Social Security begins. Many retirees worry about a drop in income when they transition …
What is Social Security Leveling Option? – Simple and Easy Explanation Read More
Annuity option that pays retirement income based only on one person’s life, usually the retiree, with payments ending at death. A Single-Life Annuity is one of the most common payout …
What is a Single-Life Annuity? – Simple and Easy Explanation Read More
A single-employer plan is a pension plan sponsored by one employer or a group of commonly owned companies to provide retirement benefits to their employees. Understanding a Single-Employer Plan in …
What is a Single-Employer Plan? – Simple and Easy Explanation Read More
The Single-Employer Pension Plan Insurance Program is a federal insurance program run by the Pension Benefit Guaranty Corporation (PBGC) that protects workers’ pension benefits when certain private pension plans fail. …
What is the Single-Employer Pension Plan Insurance Program? – Simple and Easy Explanation Read More
A shutdown benefit is a special type of early retirement benefit that may be provided under a single-employer pension plan when a company permanently closes a facility and employees lose …
What Is a Shutdown Benefit? – Simple and Easy Explanation Read More
A rollover is a tax-free transfer of retirement savings from one qualified retirement plan to another. It allows individuals to move their retirement money without paying immediate taxes or penalties, …
What Is a Rollover? – Simple and Easy Explanation Read More