Broker Check

ARE YOU GOING TO GET THE MOST BENEFITS FROM YOUR PENSION?

PENSION MAXIMIZATION

GETTING THE MOST FROM YOUR OPTIONS

An employer defined benefit pension plan generally provides a specific and guaranteed retirement income, typically based on the number of years of employment and the amount of wages/salary you received.  The benefit is usually offered as a monthly amount for life or as a lump-sum payment.  If you prefer the guaranteed monthly option, there are generally several options for you to choose from.  When your option is selected it is generally irrevocable and cannot be changed. If you are fortunate to receive an employer sponsored pension at retirement, this may be the largest source of lifetime income for you and your spouse. It is especially important to consider all the possibilities before making a lifetime decision that will affect the rest of your retirement.

Do not lock yourself into a pension option without careful consideration of all the options available and help prevent regretting your irrevocable choice later. With a careful and informed review, you may be surprised to learn you may have optional enhancements not available through your pension provider. These options may provide greater lifetime income for you & your spouse and may provide a legacy for your heirs. Like your pension these options are generally offered on a guaranteed basis and even have additional long term heath care benefits available while you enjoy your full employer pension plan.    

As a financial advisor, I have provided these pension enhancement services and recommendations to local retirees for over 20 years. If you have not finalized your pension plan and want to learn about guaranteed pension enhancements that may be available, contact me for a no cost or obligation review to help you make a more informed pension decision.

I hope you find this video helpful. Call me to discuss how we can provide tailored solutions to meet your specific goals.  Contact: Paul E. Fair “Providing Retirement & Income Solutions” Phone: 610-478-9500   Email: paul@paulfair.com