038: Pension Payment or Lump Sum: Which One Do You Take?
- Author
- The Annuity Man
- Published
- Tue 05 Jan 2021
- Episode Link
- https://theannuityman.libsyn.com/038-pension-payment-or-lump-sum-which-one-do-you-take
In this episode, The Annuity Man discusses:
- Understanding the claims payability of the company that is offering the pension payment.
- Knowing what you want the money to contractually do.
- Owning an annuity for what it will do not what it might do.
- Telling what you want, not being told what you should do.
Key Takeaways:
- About 80% of the time, with a pension payment, the payments from the company will be larger than what any annuity company will pay you. Make sure to check your options carefully.
- Annuity quotes expire every 7-10 days and need to be requoted if they aren’t locked in at the application process.
- Congratulations on getting to make this decision!
"Be very specific on what you want that money to do." — Stan The Annuity Man
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Website: TheAnnuityMan.com
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YouTube: Stan The Annuity Man
