How can rising interest rates impact your pension value?
In this week's episode, we analyze a real-life scenario from our listener, Mark, who is weighing the pros and cons of an early retirement, a higher lump sum, or a commit to an annuity.
Learn how to calculate the imputed returns of an income annuity and how to determine if taking the lump sum and investing it would be the better option.
Questions Answered:
What considerations and calculations can be used to decide between a lump sum payout or an annuity?
Are you working against yourself by continuing to work?
Timestamps:
0:00 Intro
2:40 Mark's question
4:24 Unpacking it
7:38 Don't do your analysis this way
14:09 Here's how to do your analysis
18:54 Risk
19:58 Planning
20:50 Takeaway
24:47 Outro
Create Your Custom Strategy ⬇️
Get Started Here.
Join the new Root Collective HERE!
Ready For Retirement