The Pension Choice That Can Make or Break a Survivor Plan

Want to learn more about financial planning? Please subscribe to our channel and you won't miss a video ➟ https://bit.ly/33RO6mV Book an appointment with Phil to get your customized planning process started ➟ https://www.afswealthmgt.com/schedule... A larger pension check today can look incredibly tempting, but what happens if your spouse outlives you? Phil breaks down one of the biggest pension decisions couples face and explains the tradeoffs between maximizing monthly income and protecting a surviving spouse. This is a permanent retirement decision and deserves much more thought than most people give it. Here’s some of what we discuss in this episode: 💵 Pension Choices: Bigger checks create tradeoffs 🛡️ Survivor Protection: Spousal income matters deeply 📉 Invest-the-Difference Risk: Timing can ruin the strategy 📊 Run The Math: Permanent decisions need planning 💰 Lump Sum Options: Flexibility changes the equation 0:00 – Intro 0:30 – Listener Question 1:10 – Pension Decision Dilemma 1:59 – Investing the Difference 2:51 – Life Insurance 8:21 – Communicate with your Spouse 9:23 – Lump Sum Options and Annuities 10:52 – Know The Math 11:12 – Work with Phil Want to learn more about financial planning? Please subscribe to our channel and you won't miss a video ➟ https://bit.ly/33RO6mV _______________________________ RESOURCES Website: https://philstaxhacks.com Phone: 248.888.7530 Email: [email protected] Get your copy of The Tax-Smart Retiree: https://www.thetaxsmartretireebook.co... CONNECT 🤝 Facebook:   / afsfinancialgrp   Twitter:   / philputney   LinkedIn:   / about