Managing Your Financial Future with Lucia Capital Group
Managing Your Financial Future with Johnny Dean and "Professor" Rick Plum, CFP® Brought to you by the advisors and investment professionals at Lucia Capital Group, a registered investment advisor. Integrating financial planning and investing decisions, designed to help you reach your own financial goals. Want the best tips on which hot stocks you should buy this week? Go somewhere else - we don't do that. It's all about planning, strategy, managing your future and taking control of your financial life. Securities offered through LPL Financial, member FINRA/SIPC.
Managing Your Financial Future with Lucia Capital Group
Which Pension Benefit Option Should You Choose?
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If you have a pension, the decision of how and when to take the payments is an important one – and, probably irrevocable. Maybe you have the choice to take the entire amount as a lump sum; if so, is that option potentially better than a stream of monthly payments?
And then there are your other choices. For married people who want to get as much as they can now, are they sacrificing the financial stability of their surviving spouse down the road? Possibly. But there may also be a solution to that dilemma.
On this week’s episode of Managing Your Financial Future, podcast host Johnny Dean and “Professor” Rick Plum, CFP® talk about what you need to consider before you make this “one-and-done" pension decision.