Whether you are nearing retirement or are already receiving ongoing pension payments, you 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 you and your unique circumstances.
This flowchart helps guide you through pension options to consider. It addresses:
- Life expectancy considerations
- Viability of pension plan
- Risk tolerance and need for guaranteed income
- Wealth transfer considerations
- Lifetime income options
Please take a moment to review the document, Should I Take My Pension As A Lump Sum?
Be sure to consult with your financial advisor on this topic as individual situations may vary. For more information, contact the PBMares Wealth Management team.
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PBMares Wealth Management
