1-minute video: How Can You Take Care of Your Spouse Just in Case Something Should Happen to You? Still working? About to retire? Retired? How might you replace lost income for the survivor? Money needed – a lump sum – may come from savings/investments set aside, life insurance, a standby reverse mortgage line of credit, or […]
Tag Archives | pensions
Take the Pension? Or the lump sum offer?
Pensions, for most people, are rare these days. Sometimes pension plans offer a lump sum to covered employees in lieu of a monthly payment. There are pros and cons when you need to decide the choices that are offered. There are risks either way. As with anything involving risk, diversification is the prudent path to take. […]