The Final End of the Pension...Maybe

In this episode, we explore Kodak's surprising decision to terminate its well-funded pension plan, which has created a $585 million surplus. We discuss why private pensions like Kodak's tend to be better funded than public ones and what this termination means for current pension holders. We break down your options when facing pension changes, from taking guaranteed monthly payments to rolling over lump sums into annuities. With today's higher interest rates, we explain why the landscape for retirement income strategies has shifted dramatically compared to just a few years ago. Even if you don't have a pension, we show you how to apply these same guaranteed income strategies to your 401(k) or other retirement accounts. Learn how combining different income tools can help create the reliable monthly income you need in retirement, while still maintaining flexibility with your remaining investments. ________________________________ If you have a big question mark surrounding your source of retirement income, please click here to reach out. We can and would love to help you create your own private pension.