038: Pension Payment or Lump Sum: Which One Do You Take?

In this episode, The Annuity Man discusses:  Understanding the claims payability of the company that is offering the pension payment. Knowing what you want the money to contractually do.  Owning an annuity for what it will do not what it might do.  Telling what you want, not being told what you should do.    Key Takeaways:  About 80% of the time, with a pension payment, the payments from the company will be larger than what any annuity company will pay you. Make sure to check your options carefully.  Annuity quotes expire every 7-10 days and need to be requoted if they aren't locked in at the application process.  Congratulations on getting to make this decision!   "Be very specific on what you want that money to do." —  Stan The Annuity Man     Connect with The Annuity Man:  Website: TheAnnuityMan.com  Email: [email protected]  Book: Owner's Manuals  YouTube: Stan The Annuity Man  Get a Quote Today!