How to Choose Between a Pension or Lump Sum (Facebook Live, October 14 2020)
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- Опубликовано: 9 сен 2024
- Video from Facebook live stream from the Facebook group, "Taxes in Retirement," from October 14, 2020. Discussion of how to choose between a pension or a lump sum
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#TaxPlanning #RetirementPlanning #FinancialPlanning
DISCLAIMER: This video is only helpful hints and education. It is not specific tax, legal or investment advice. Before considering acting on anything you see in this video, first consult with your tax, legal or investment advisor. While the information expressed in this video is believed to be accurate, neither Andy Panko, CFP®, RICP®, EA nor Tenon Financial LLC make any guarantees to its accuracy.
Great video! So glad you got the ability to screen share in later videos!
Hi new friend here
Wow nice vedio keep it up
God bless and more blessing to come
The amount of federal and state tax taken out then you get taxed again when the rest is considered income not a good deal to take the buyout
If I had retired last yr when I turned 60 and took Lump Sum and invested it as many advisors tell me? It wud have suffered same Fate as other Retirements and be DOWN 30%? If put in "Safe accounts" earning 1-3%during 7-9% Inflation? I was the stable pension payment of $1840 mo vs $236K is over 9% pay out! Will use IRA to bridge to Soc Sec at 65. I am single so no Legacy Comcerns and Both parents. Are Alive and Healthy 90 y old!
Hi I was just terminated from my job that I have a 401k with. I have a loan against my 401k but won’t be able to pay it off in the next few months. Should I take all my money out since there is no penalty now due to Covid and payoff the loan? Should I rollover to an ira? Please help