Watch This If You Have A Pension

If you have a pension and have the option to take the commuted value, you'll need to sit down and do a breakdown between the two scenarios. There's a good chance that the commuted value is a good option for you at this current time, but you need to look at the numbers to make sure!

6 ways to level up your financial plan:

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DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered professional. Adam is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.

#retirement

[andreamckay]

Also consider if your pension offers health/dental benefits at a low cost, for example this is the case for public servants.

[christopherhennessey]

I’m a retired nurse and my former employer, a University affiliated, County/Teaching Hospital, which was part of the state retirement system. I only had the option of the monthly payments but I’m fine with that. when they broke from the state retirement system and formed their own pension plan, they now give the employees the option of a lump sum payout for their pension. I still prefer the monthly.

[roberttaylor]

And the payout still generates income for my kid after I die, vs a pension that stops…

[dankarau]

I did this over a year ago...best decision I made in a very long time...net worth is increase exponentially.

[timlangdon]

They should do that With Social security, ❤❤

[pwong]

I passed 55 and missed the opportunity of taking commuted value.

[gbwkfkl]

I worked for 12 years, me and my employer were paying into pension, i stopped working at age 45 and resided overseas, now i am 62 .. am i entitled to any pension.. thank you