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Navigating Pension Choices: Lump Sum vs Monthly Payment

In this episode of the 'Retire Early Retire Now' podcast, host Hunter Kelly, a Certified Financial Planner (TM) from Palm Valley Wealth Management, discusses the crucial decision for those with pensions on whether to take a lump sum or monthly payment. With pensions becoming rare, Hunter examines factors like life expectancy, risk tolerance, investment potential, and tax implications in making this decision. He also shares a real client case study to illustrate the considerations involved. This episode equips high-income professionals with the knowledge to make informed retirement choices.

00:00 Introduction to the Podcast

00:16 The Decline of Pensions

00:55 Pension Payment Options

03:04 Calculating Your Pension

05:17 Client Case Study: John and Jane

06:38 Key Factors to Consider

08:22 Breakeven Point Analysis

12:35 Final Thoughts and Advice

14:17 Conclusion and Disclaimers

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PalmValleywm.com

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Pension Lump Sum vs. Monthly Payments: How to Choose the Best Retirement Option 14:48 Share

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Pension Lump Sum vs. Monthly Payments: How to Choose the Best Retirement Option