In this blog I used the term, investor out of respect for the participants on both sides of this trade. However, I would not classify their actions as investing. What we need to understand, this is a form of gambling.
There are countless articles that list questions to ask, and what to look for when choosing a financial advisor. However, none really drill down to what is most important.
You may be past full retirement age, but did you know you can undo the decision to delay your benefits? A lump-sum payment may be right for you if you’re suddenly in need of cash.
In the financial planning world, there are so many unknowns. But one thing that should be known is the price you as the customer pay for the services you get. With us there isn’t a veil or an estimate, it is concrete and understandable. Our pricing provides clarity, transparency, and immense value. The type of practice I run and am passionate about is one that is flat-fee based.
Teachers look at summer through a different lens. While relaxing can be an important component, for many, it’s not the norm. Between second jobs, preparation requirements, and family obligations, teachers don’t have much time for themselves in the summer months. But one thing that you can do for yourself is to maintain control of your finances.
The truth is, it’s important to know how your pension fits into your comprehensive plan before you choose a pension election option. From having a solid grasp of where your retirement income is coming from, to understanding the emotional pros and cons of each pension election option, there’s a lot to consider here. Let’s walk through how you can start to decide which pension election option is right for you.