Commuted Value vs. Lifetime Pension...Which Pension Option Should You Choose?
Learn more about our services: https://www.parallelwealth.com/planning In this video, we'll discuss the differences between commuted value & the lifetime pension amount. With interest rates being so low, we have started to see more and more people take the commuted value option, but make sure you run the numbers! ••••• If you have any questions about this video's topic or retirement planning in general, visit https://www.parallelwealth.com/ or use the links below to learn more about our services. ➡️Fee For Service Retirement Planning: https://www.parallelwealth.com/planning ➡️Retirement Income Program™: https://www.parallelwealth.com/invest... ➡️Parallel Wealth Masterclass: https://www.parallelwealth.com/education Additional 3rd Party Links and Resources: 🔗️Retirement Income for Life: Getting More without Saving More (Second Edition): https://amzn.to/3tvIdVN 🔗️Free Credit Report with Borrowell: https://bit.ly/borrowellPWFG 🔗️CPP Calculator: https://research-tools.pwlcapital.com... The above affiliate links are provided for your convenience. If you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personally vetted each product and service we provide links to. TIMESTAMPS 0:00 - 2 Options 2:35 - Structure of the Options 5:26 - How Does Healthcare Factor In? 6:02 - Lifetime Pension Example 7:55 - Commuted Value Example 11:01 - How The Calculation Works 17:13 - Importance of RRSP Room 19:47 - Summary ••••• DISCLAIMER: This presentation is for informational purposes only and should not be considered financial, investment, tax, or estate planning advice. All investments carry risk, and past performance does not guarantee future results. Any forward-looking statements are based on assumptions and may not reflect actual outcomes. The content on this channel is for educational purposes only and does not provide specific investment or planning recommendations. Viewers should consult a qualified professional for retirement, tax, or estate planning guidance. Parallel Wealth and Adam Bornn are not responsible for any decisions made based on this content.
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