Pension Maximization Strategies
For those who are eligible to collect a pension at retirement, we assist in determining how that pension should be collected, giving consideration to all available resources. There may be a lump-sum option as well as several annuity options from which to choose. We incorporate available options into cash flow projections and recommend the most prudent course of action. If an annuity option proves to be the best alternative and dependents or heirs are a consideration, we evaluate whether it would be more economical to take the annuity based on a single life (and purchase a supplemental life insurance policy to provide for loved ones in the event of a premature death) or select an annuity option that offers a survivor benefit.
