✉news BusinessPersonal Finance first seen 11 h ago, last 40 min ago, peak #18
Only 14% of Private Workers Still Have a Pension
Original: Only 14% of Private Workers Still Have a Pension. He Bought an Annuity Instead, and Social Security Treats Those Checks Two Different Ways
Fewer than one in seven private-sector workers still have a traditional pension, leaving retirees to rely on savings, annuities and Social Security. One retiree who swapped a pension for an annuity is highlighting a quirk in the rules: Social Security can treat annuity income differently depending on the type of check, with potentially different tax and benefit consequences. The story underscores how retirees replacing guaranteed pensions must navigate a patchwork of rules.
Why now: Declining pensions and retirement insecurity are pushing people to scrutinize how annuities and Social Security interact.
Rank over time, top of the chart is #1. 8 snapshots from 11 h ago to 40 min ago.
Evidence
- Only 14% of Private Workers Still Have a Pension. He Bought an Annuity Instead, and Social Security Treats Those Checks Two Different Ways · 24/7 Wall St.
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