How to Simplify Your Pensions

Be careful with all plans that might have so-called safeguard rights like guaranteed annuities or growth rates. You mustn't jettison them and transfer them because there might be something valuable there within the mix of your total portfolio that might come in handy. So number one, identify your sources of known income. Number two, nail down your spending plans. Number three, collect your DC pensions. And then number four, add up everything else you've got. This money along with your DC pensions add up to your spendable assets. The emphasis that they are spendable. Yeah. That's what it's for. It needs to be as simple as possible, but no simpler.