What To Do About Your Pension Buyout Options

If you have a pension, you have some choices to sort through when it comes time to use it. Should you take a monthly payment or a lump sum? It’s a big decision to make and not one to take lightly. While we’ve covered this topic in the past, a lot of things have changed between inflation and interest rates. We discuss six key factors to consider. Each of these factors should play a part in your decision to determine what’s best for you.

 

Here’s some of what we discuss in this episode:

• What’s happening with the interest rates?
• Are you prepared for future inflation?
• How will it impact your taxes?
• How is your health? 
• How financially secure is your employer?
• Do you want an income stream or asset that can be transferred?

 

For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.