Lump Sum vs. Monthly Pension Archives -

The 5 Biggest Risks of the Monthly Pension

Posted by Bryan Haggard CFP®, CFAon August 20, 2019August 22, 2019in Pension PlanningLeave a comment

Imagine working for a company for 40 years and finally making the decision to retire. Your financial situation looks great. A nice pension from your company as well as social security benefits for you and your wife. You figured that…

Disagreeing with Dave Ramsey Regarding the Lump Sum Pension

Posted by Bryan Haggard CFP®, CFAon June 26, 2019June 26, 2019in Pension Planning2 Comments

A client recently told me that he was planning on taking the lump sum pension because he heard from Dave Ramsey this is the best option. Are you kidding me?! You are making one of the biggest financial decisions of…

Should I Take the Lump Sum or Monthly Pension?

Posted by Bryan Haggard CFP®, CFAon June 25, 2019June 25, 2019in Pension Planning1 Comment

$4,000 per month for the rest of their life or $745,000 now in the form of a lump sum. This was the decision that Dan and Sharon had to make as they approached retirement. The truth is that Dan and…