How to Consider Your Pension Options for Retirement - 430
When should you take your pension, what types of things should you think about when it comes to deciding between a lump sum or a monthly annuity payment - risk protection, for example - and how do you work your pension into your overall retirement plan? Today on Your Money, Your Wealth® podcast 430, Joe Anderson, CFP® and Big Al Clopine, CPA spitball on retirement pension options, and saving to a taxable account when you’re concerned about required minimum distributions or RMDs, on today’s show. Podcast show notes, free financial resources, episode transcript: https://bit.ly/ymyw-430
00:00 - Intro
00:42 - When to Collect My Pensions: Now, Early Retirement, or Age 70? (Rose, CA)
11:31 - Key Financial Data Guide - free download: https://purefinancial.com/white-paper...
12:16 - I’m Concerned About RMDs. Should I Save to a Taxable Account for Retirement? (John Doe, Seattle, WA)
17:33 - Pension Retirement Spitball: Are We On Track to Retire in 2032 Without Saving Any More? (Jennifer & Zeke, NY State)
24:41 - Navigating Retirement Solo webinar, Wednesday May 23, 12pm PT/3pm ET - register now: https://purefinancial.zoom.us/webinar...
25:32 - Roth 457 vs. Roth IRA and Pension Options Retirement Spitball (Clay, Westerville, OH - from episode 377)
35:39 - COMMENT: Pension Vs. Lump Sum Risk Protection (Stephen)
38:53 - The Derails
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CFP® - The CERTIFIED FINANCIAL PLANNER® certification is by the CFP Board of Standards, Inc. To attain the right to use the CFP® mark, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. 30 hours of continuing education is required every 2 years to maintain the certification.
CPA – Certified Public Accountant is a license set by the American Institute of Certified Public Accountants and administered by the National Association of State Boards of Accountancy. Eligibility to sit for the Uniform CPA Exam is determined by individual State Boards of Accountancy. Typically, the requirement is a U.S. bachelor’s degree which includes a minimum number of qualifying credit hours in accounting and business administration with an additional one-year study. All CPA candidates must pass the Uniform CPA Examination to qualify for a CPA certificate and license (i.e., permit to practice) to practice public accounting. CPAs are required to take continuing education courses to renew their license, and most states require CPAs to complete an ethics course during every renewal period.