Get The Most From Your Pension Lump Sum or Monthly Annuity

102 - Do you plan on claiming your pension soon? Make sure you consider all your available options before making the irrevocable decision.

In this episode, Jeremy Keil talks about pensions. More specifically, he explains why it’s important to be aware of all the possibilities when picking a pension plan. Jeremy shares his professional opinion about comparing a one lump sum payment to a monthly annuity and provides resources about pension plans and how you can calculate which one makes more sense for you financially.

Jeremy discusses:

The temptations of taking your pension in one lump sum
How to decide between a monthly annuity and a lump sum pension plan
Why it’s important to read your pension plan summary and consider all the possible options before making a decision
Why the better choice between a monthly annuity and a lump sum pension plan varies annually
And more

To learn more about the differences between pension and monthly annuity, check out the resources below!

If you have any questions, feel free to contact us using the contact information provided below!

Resources:

Some Income Guarantees Are a Better Deal Than Others | ThinkAdvisor
Why It Pays to Shop Around for Annuities | ThinkAdvisor
Should I take a lump sum payout or monthly annuity from my pension plan?
Free Retirement Planning Video Course: 5stepretirementplan.com
3 Things You Should Know Before Choosing A Financial Advisor
7 Questions That Could Make or Break Your Retirement
Subscribe to Retirement Revealed on Google Podcasts
Subscribe to Retirement Revealed on Apple Podcasts


Connect With Jeremy Keil:

[email protected]
(414) 250-8875
Keil Financial Partners
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