Originally Posted by
MaxPen
Originally Posted by
Alan Mendelson
OJ lost his cash and non pension protected assets to the Goldmans.
Assets in a pension account have favorable tax treatments.
There are TWO big reasons without even knowing what the pension plan is.
Pensions often have some survivor benefits defined. Spouses continue to receive payment, dependent children, maybe a defined lump sum for early death, etc.
Self directed and owned assets that generate income can be passed to whomever.
Living life lacking personal responsibility often results in one's progeny getting stiffed. But you already got an early start in that department.
This is hardly a comprehensive breakdown. You have the choice of providing for survivor benefits or not at the point of initially receiving your monthly benefit, which of course if you do it reduces your monthly benefit. And neither my private company pension or my gov't pension can be taken in a lump sum--ever. I'm sure there are some that can be.
I believe you're beginning to realize Alan's wealth far exceeds most people's around here, which is why your personal attacks keep on coming.
Maybe we need Moses to take you out to the woodshed once again?