Brutally Honest Truths About Retiring With a Pension

Work with me: https://farerfinancial.com/get-started Most retirement advice is written for someone with a 401(k) and nothing else—never for a public employee with a pension. In this video, I walk through seven advantages pension holders have that almost no one tells you about, from the WEP/GPO repeal to the tax trap waiting for your kids. Timestamps: 0:00 – Why pension planning is different 0:49 – #1: WEP & GPO Repealed 1:59 – #2: The 4% Rule Doesn't Fit You 2:40 – #3: The Survivor Election Trap 3:40 – #4: 457 Penalty-Free at Any Age 4:04 – #5: The Risk of Working Too Long 5:28 – #6: The 10-Year Inherited Account Tax Bill 6:19 – #7: Learning to Actually Spend It #taxplanning #pension #retirementplanning Disclaimer: This content is for educational purposes only and does not constitute personalized investment, tax, legal, or insurance advice. Viewing this does not create an advisory relationship. Examples are illustrative only and do not reflect actual client results. All investments involve risk, including loss of principal. Consult a qualified professional for your specific situation. Comments are not verified and should not be considered testimonials or endorsements of Farer Financial LLC. Farer Financial LLC is a Registered Investment Adviser registered with the Washington State Department of Financial Institutions.