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Does This Pandemic Have You Facing Pension Elections?

Does This Pandemic Have You Facing Pension Elections?

May 17, 2020
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With economic uncertainty ahead, one way for companies to reduce expenses is through layoffs or by providing incentives to encourage long-term employees who may already be considering retirement to take the leap.  If you are fortunate enough to have a company sponsored pension, you may be looking for answers to the common question, "Should I elect the Lump Sum, or should I select one of the pension (annuity) options?"

When faced with the irrevocable decision to receive your company pension benefit in monthly income payments or a one-time lump sum payout, you will be making one of the most important financial decisions of your lifetime. This is especially true if you have many years of employment with your company and the benefit makes up a significant portion of your retirement income or assets.

Do not make the mistake of basing your decision on what your peers have done, or your "gut feeling" about which is right for you.  I have spent years working with employees who have faced this important decision, and I have the tools to help you analyze your options.

Why would you venture a GUESS about this critical retirement benefit when you can take an analytical approach resulting in an informed decision?

We provide you with the ability to calculate the present value (what it is worth today) of each of your pension options so you can compare each with your lump sum to make an informed decision.

We can show you how to calculate the rate of return you would need to earn on your lump sum to equal the benefit you would receive from each of your pension options.

We can even show you the effective rate of return for each of your pension options based on your estimated life expectancy (and spouse if you are married.)

Make your decision with confidence!  Have us conduct a custom pension analysis with you before you make a decision that you will have to live with for the remainder of your life.

Click HERE to set up a confidential personal consultation to find out more about this valuable service.  This analysis is currently being provided as a complimentary service for prospective pre-retirees subject to availability, so do not delay.  There is no obligation whatsoever.