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Lump-sum or monthly pension or?

Advice and reference info from members. (Updated Oct 28, 2021.) Website operated by former employees. Please send comments to info@hpalumni.org

This page is one of the links on HPAA's Retirement Plan Menu.

Join the HPAA Finance Group.

How to Choose a Financial Advisor. Member advice on sorting out the different types of financial salespeople and advisors.

An Oct 28, 2021 note that affects this discussion: HP converted many pensions to insured annuities. Many retirees who were receiving monthly U.S. HP, DEC, or EDS pension payments that commenced on or before November 1, 2020 -- had their pension plan converted from a company pension administered by Fidelity to an insured annuity provided by Prudential. Details: Pension Transition

We have notes from two earlier discussions by HPAA members on this website: 

1. Advice on buyouts from AARP, the non-profit Pension Rights Center, and from HP. And member comments from private and online HPAA discussions.  Plus: What if HP goes out of business? 
Go to:  https://www.hpalumni.org/lumpsumfactors

2. A detailed analysis by an HPAA member: https://www.hpalumni.org/lumpsumfactors2

Also a discussion of the HP EDS pension lump-sum buyout offer of May 2020: https://www.hpalumni.org/lumpsum2020

If formerly a regular, direct U.S. employee of HP or HPE -- or are in the process of leaving -- join the HP Alumni Association. Membership is also open to heirs with HP-related stock and to those receiving company benefits -- spouses, partners, dependents, DEC and EDS retirees. No charge, thanks to HPAA's Supporting Members.

As financial, legal, and personal advice must be tailored to the specific circumstances of each case, and finances and laws are constantly changing, nothing provided here should be used as a substitute for the personalized advice of competent financial, legal, and personal advisors.

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