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Category: Annuities

Should You Take the Pension Or a Lump Sum?

Should You Take the Pension Or a Lump Sum?

For those that are lucky enough to have a pension, this is always a popular question. For those without a pension of any sort, this is one to skip. Given that I’ve gotten this question a few times over the past couple months, I wanted to provide some thoughts on this topic. When it comes time to retire, if you are offered a pension, you will likely be offered one of two scenarios: Scenario One: The option to choose: a…

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Should You Buy An Annuity For Retirement?

Should You Buy An Annuity For Retirement?

Annuities get a bad wrap. Most of that bad wrap is justifiably earned. Annuity providers often reward the “salesperson” (yes, many times, that is what they are) with a big commission check. As such, they are incentivized to encourage (scare you into) putting as much of your money as possible into annuities. As a result of those sales antics, many advisors that take the other side of the annuity argument spend a lot of time saying how horrible annuities are….

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