Joint and Survivor Pension Benefit or Insure Yourself?

If you are married and have a monthly pension, the recommendation is almost always to take the Joint & Survivor pension benefit option.  This means that while both you and your spouse are living, you will draw a slightly reduced pension compared to a Single Life Annuity. The benefit is that if the pensioner dies …

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Should I Take the Lump Sum or Monthly Pension?

I can offer one piece of advice on making a decision between taking a monthly pension vs. a lump sum; don’t listen to your financial advisor! There may be nobody who benefits more from you deciding to take the lump sum than your financial advisor.  And guess what, your financial advisor will almost always suggest …

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The Lump Sum Pension Issue That You’ve Probably Never Considered

Unfortunately, I’ve seen it before.  A soon to be retiree has to make the decision to take a monthly pension or the lump sum annuity.  He decides that he likes the flexibility that the lump sum option offers and decides to forego the monthly annuity. Once he gets the lump sum, he takes a distribution …

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