How to Consider Your Pension Options for Retirement - 430

Published: May 23, 2023, 11 a.m.

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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? Spitballing on retirement pension options, and saving to a taxable account when you\\u2019re concerned about required minimum distributions or RMDs, on today\\u2019s show.

Timestamps:

  • 00:42 -\\xa0When to Collect My Pensions: Now, Early Retirement, or Age 70? (Rose, CA)
  • 12:16 - I\\u2019m 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)
  • 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

Access this week\'s free financial resources in the podcast show notes at\\xa0https://bit.ly/ymyw-430\\xa0

  • Key Financial Data Guide
  • Surviving Retirement Without a Pension - YMYW TV S4E17
  • Register for a free webinar: Navigating Retirement Solo, tomorrow, Wed. May 24, 2023, 12pm PT/3pm ET
  • Episode Transcript
  • Ask Joe & Big Al On Air
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