For retirees that have pensions, when you retire, you have to make a very important decision as to how you plan to receive your benefits. Do you choose…..
• Lump Sum
• Straight Life
• 100% Survivor Benefit
• 75% / 50% / 25% Survivor Benefit
• Pop-Up Election
The right decision varies based on your personal financial situation, marital status, your age, assets you may have outside of the pension plan, and other important factors. In this article and video, I’m going to walk you through the conversation that we have with our clients when helping them to determine which pension benefit election is right for them.
Video: What Happens To My Pension If My Company Goes Bankrupt?
Contact Michael Ruger with Questions: 518-477-6686 or mruger@greenbushfinancial.com
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Michael what about a life insurance option for your spouse instead of these options.
This was extremely informational. Thank you.