What does amortization mean in the context of a pension plan?

June 30, 2024 No Comments

A: There are two primary needs for amortization within the context of a company’s pension plan. The first instances might include a company determining whether to apply current or new pension benefits retroactively to employees who performed services before the current iteration of the pension

What does amortization mean in the context of a pension plan?

July 7, 2024 No Comments

What does it mean if my 401(k) plan has been frozen?

June 30, 2024 No Comments

A: You are most likely to experience a 401(k) freeze following a merger where the new company must determine what to do with the 401(k) plan it has acquired. During this process, the employer temporarily halts all your new plan contributions and withdrawals, hence the

What does it mean if my 401(k) plan has been frozen?

July 7, 2024 No Comments

What does the American Dream mean to different generations?

June 30, 2024 No Comments

A: The American Dream at its core is the belief that every generation should enjoy greater prosperity than the generation before it. The American Dream is often portrayed as reaching certain milestones, such as buying a home and a car, getting married and having children.

What does the American Dream mean to different generations?

July 7, 2024 No Comments

What happens to insurance policies and variable annuities if the insurance company itself goes bankrupt – do the policyholders get anything out of it?

June 30, 2024 No Comments

A: The idea of an insurance failing or going bankrupt is one that can be very frightening. However, when an insurance company is in financial peril, there are state guaranty associations and state-run funds that help pay the claims from policies if the insurance companies

What happens to insurance policies and variable annuities if the insurance company itself goes bankrupt – do the policyholders get anything out of it?

July 7, 2024 No Comments

What happens to my Locked-In Retirement Account (LIRA) balance when I die?

June 30, 2024 No Comments

A: In the event that the owner of a Locked-In Retirement Account (LIRA) dies before reaching retirement age, the balance of the LIRA will be transferred to the spouse or common-law partner. If the owner does not have a spouse or common-law partner, the balance

What happens to my Locked-In Retirement Account (LIRA) balance when I die?

July 7, 2024 No Comments

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