Welcome, Guest!
Back

Should I Take My Pension As A Lump Sum?

Category:
General, Retirement / Decumulation
Blurred Flowchart

Become a Member to view.
Already a member? Login Here

Although increasingly rare, employer pensions can make up a considerable portion of your clients’ expected retirement benefits. Whether they are nearing retirement or are already receiving ongoing pension payments, clients 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 your client and their unique circumstances.

This flowchart helps you guide your clients as they consider their pension options. It covers:

  • Life expectancy considerations
  • Viability of pension plan
  • Risk tolerance and need for guaranteed income
  • Wealth transfer considerations
  • Lifetime income options

 

Updated 12/1/2022


Related Guides
What Accounts Should I Consider If I Want To Save More?
Category: General
What Issues Should I Consider If I Experience A Sudden Wealth Event?
Category: General, Working / Accumulation Phase, Estate Planning
What Issues Should I Consider When Starting Out Financially?
Category: General
What Issues Should I Consider When Reviewing Cash Flow?
Category: General
What Issues Should I Consider When Funding An Unexpected Expense?
Category: General
What Issues Should I Consider When Dealing With High Inflation?
Category: General
[class^="wpforms-"]
[class^="wpforms-"]