S1E54: Weighing A Pension Lump Sum Offer
The John Chapman Show Podcast
English - August 18, 2020 12:00 - 20 minutes - 18.6 MB - ★★★★★ - 4 ratingsBusiness investing health entrepreneur business passive investing cashflow tax rentals syndications apartments Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
John provides some context and background as to why so many companies have frozen their pensions and have opted for a pension lump sum offer to current and former employees.
In this episode, John shares some of his experience with clients over the past decade, and one story in particular that will make you cringe!
With so much on the line in deciding what option to take, John provides his 7 Step Checklist as a guide to help you better manage the pros and cons.
The 7 Steps Include:
What is your timeframe to retirement?
What is your health situation and longevity expectations?
How much income do you need to sustain your lifestyle?
How much in assets do you have saved?
What is your risk tolerance and investment skill?
What is the company's status?
What are your family consideration?
Has your company offered a pension lump sum offer and are you wondering what the best option is?
Schedule a no obligation consultation with John here: https://calendly.com/johnchapmanwpwm/client-meeting-30-minutes
See omnystudio.com/listener for privacy information.