Should I Take My Pension As A Lump Sum?

Although increasingly rare, employer pensions can make up a considerable portion of our clients’ expected retirement benefits. Whether they are nearing retirement or are already receiving ongoing pension payments, clients may have the option to choose a lump sum distribution/buyout instead of a lifetime stream of payments. Several factors must be analyzed in order to determine what course is best for our client and their unique circumstances.

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This flowchart helps guide our clients as they consider their pension options. It covers:

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• Life expectancy considerations

• Viability of pension plan

• Risk tolerance and need for guaranteed income

• Wealth transfer considerations

• Lifetime income options