Lump Sum versus Pension
On this episode of Better Money Boston, Joel Johnson, CFP® discusses lump sums and pensions, and what may be right for you.
There are a few things to ask yourself:
- Do I need the money?
- Am I responsible with money?
- How will this decision affect those I love?
If you do not need the money, consider rolling it over into an individual retirement account, investing in yourself, and taking money out as you need it. However, it’s important to examine both situations when deciding whether to take monthly payments or to rollover a lump sum.
Information presented in our podcasts is considered current as of the created date. Over time, some information presented may become stale. We recommend you consult with your Financial Professional before making any changes based on information contained here.
Johnson Brunetti is a marketing name for the businesses of JB Capital and JN Financial.
Investment Advisory Services offered through JB Capital, LLC. Insurance Products offered through JN Financial, LLC.
The guarantees provided by any type of insurance contract are based on the claims-paying ability of the insurance company.
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