Should I take my pension as a lump sum?

Although increasingly rare, employer pensions can make up a considerable portion of our clients’ expected retirement benefits. Whether you are nearing retirement or are already receiving ongoing pension payments, you may have the option to choose a lump sum distribution/buyout instead of a lifetime stream of payments. Several factors must be analyzed in order to determine what course is best for our clients and their unique circumstances.

This flowchart helps us guide our clients as they consider their pension options. It covers:

  • Life expectancy considerations

  • Viability of pension plan

  • Risk tolerance and the need for guaranteed income

  • Wealth transfer considerations



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