Download our Flowchart: Should I Take My Pension As A Lump Sum?

Although increasingly rare, employer pensions can make up a considerable portion of your expected retirement benefits. Whether you are nearing retirement or are already receiving ongoing pension payments, you may have the option to choose a lump sum distribution/buyout instead of a lifetime stream of payments. Several factors must be analyzed in order to determine what course is best for you and your unique circumstances. This flowchart helps can guide you as you consider your pension options. It covers:

Life expectancy considerations | Viability of pension plan | Risk tolerance and need for guaranteed income | Wealth transfer considerations | Lifetime income options