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Your Pension Options: Which One May Be Best for You?
Manage episode 416906757 series 3428540
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If you have a pension, the decision of how and when to take the payments is an important one. Are you offered the choice to take the entire amount as a lump sum? If so, is that option potentially better than a stream of monthly payments?
What about your other choices? For married people who want to get as much as they can now, are they sacrificing the financial stability of their surviving spouse down the road? Maybe. But there may also be a solution to that dilemma.
On this week’s episode of Managing Your Financial Future, “Professor” Rick Plum, CFP® speaks with podcast host Johnny Dean about what you need to consider before you make this “one-and-done" pension decision. Tune in and find out more!
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