Pension or Lump Sum? How to Make the Right Retirement Choice

Should you take the guaranteed monthly pension—or choose the lump sum and roll it into a retirement account? This may be one of the largest and most permanent financial decisions you make. Unfortunately, there isn’t one answer that works for everyone. The right choice depends on your income needs, health, life expectancy, other retirement assets, comfort with investment risk, and desire to leave money to your family. In this video, David Pulcini, CFP® explains:  The peace of mind a monthly pension can provide  Why inflation may reduce a pension’s purchasing power  What may happen to the pension after you and your spouse die  The control and flexibility offered by a lump-sum rollover  How a lump sum may create an asset for your beneficiaries  The investment and longevity risks of managing the money yourself  The questions to answer before making an irreversible election A pension provides predictable lifetime income and eliminates much of the responsibility for managing the money. A lump sum may offer greater control, growth potential, access to the funds, and legacy-planning flexibility—but you are responsible for making it last. Don’t make this decision based solely on what a coworker chose. Their health, family, assets, income needs, and retirement plan are not the same as yours. Before signing your pension election paperwork, compare both options using your actual numbers and complete retirement plan.  Schedule an introductory conversation: https://calendly.com/dpulcini/introdu...  Call or text: (585) 895-2117  Visit SixPoint Financial Partners: https://www.sixpointfp.com  Subscribe for more retirement-planning insights: / @sixpointfinancialpartners4351