Financially Simple

In episode 155 of Financially Simple, Justin takes a look at Pensions. RELATED BLOG: BLOG: Income for Life Retirement Series #10 Manage Pension Fund Payments If you've been working for any length of time for a large company or government department, chances are you'll have a pension fund that's been put aside ready for retirement. But when it comes to receiving that money, what should you do with it? Justin goes over some of the options of receiving a Pension payout, and lists some Do's and Don'ts. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening!  TIME INDEX: 01:14 - I Have an Old Pension, What Should I Do With It? 01:47 - What is a Pension? 02:50 - Who Offers Them? 03:21 - How Do They Work? 03:50 - Single-Life Option 04:13 - Joint & Survivor Option 05:03 - Period Certain Option 05:55 - Lump Sum Payment 07:14 - Fixed Annuity: Pros and Cons 10:02 - Lump Sum: Pros and Cons 12:06 - Do's and Don'ts 14:54 - Wrap Up   USEFUL LINKS: Financially Simple Financ