4 Things you MUST KNOW if You’re Retiring With A Pension

In this video Colin Exelby, CFP® explains how a pension changes your retirement planning.

Retirement planning looks completely different when you have a pension — and only 24% of working Americans do. That extra stream of guaranteed income can be a huge advantage, but it also comes with unique challenges for taxes, Social Security timing, survivor benefits, and investing. In this video, we’ll cover the four biggest things every pension holder must know: understanding exactly how your pension works, avoiding tax traps (including the “widow’s penalty”), choosing the right payout option, and making your pension part of a smart investment strategy. Done right, your pension can be the backbone of a secure retirement.

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00:00-Intro

00:50-Understand How Your Pension Works (and What It’s Really Worth)

02:45-Tax Planning

08:30-Survivor & Payment Options

10:38-Investment Strategy

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[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.

I provide financial planning for business owners and their families that makes sense.

Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.

We strive to help you:

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