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Know Your Pension Options: Lump Sum, or Annuity? – Season 7: Episode 3

For anyone with a pension, the decision of how to take the payments is an important one.  Are you offered the choice to take the entire amount as a lump sum?  If so, you’ve got to know about what could happen when you decide to go one way or the other.

And for married people, there are even more choices, compounding the issue even further.

On this week’s episode of Managing Your Financial Future, “Professor” Rick Plum, CFP ®  speaks with podcast host Johnny Dean about what you need to consider before you make this “one-and-done” decision. Tune in and find out more! 

Important Information:

The information provided should not be considered specific tax, legal, or investment advice and is not specific to any individual’s personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

You should always seek counsel of the appropriate advisor prior to making any investment decision. All investments are subject to risk including the loss of principal. This material was gathered from sources believed to be reliable, however, its accuracy cannot be guaranteed.

No client or prospective client should assume that the presentation (or any component thereof) serves as the receipt of, or a substitute for, personalized advice from Lucia Capital Group or from any other investment professional.

Rick Plum is a registered representative with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. The investment professionals are affiliated with LPL Financial and are conducting business using the name Lucia Capital Group, a separate entity from LPL Financial.

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