Lump Sum vs Annuity: Which Pension Option Is Better?

In this video, you'll learn the difference between taking your pension as an annuity vs. electing it as a lump-sum so you can determine what may make most sense for your individual situation. Learn the tips & strategies to create your secure retirement. ⏰ TIMESTAMPS 00:00 - Introduction 1:35 - Maximizing Lifetime Payout 2:21 - Comparing Withdrawal Rates 4:12 - Example 7:57 - Lump Sum Withdrawal Rates 10:01 - Risk Tolerance 12:47 - Avoiding Annuity Option (is that smart)? 15:26 - Social Security Impact 16:33 - Legacy Goals 17:00 - How Your Pension Impacts Your Overall Strategy Free Retirement Checklist Here: https://rootfinancialpartners.lpages.co/resources-root-financial-partners/ SUBSCRIBE HERE: https://www.youtube.com/channel/UCBNdQfS-fzODmYb8Hkr4egA?sub_confirmation=1 _ _ For more resources and content, check us out below! Website // https://rootfinancialpartners.com/ Podcast // http://readyforretirement.co/ Instagram // https://www.instagram.com/rootfinancialpartners/ Facebook // https://www.facebook.com/rootfinancialpartners/ LinkedIn // https://www.linkedin.com/company/18347030 Other videos we think you'll like: Why I Started Root Financial Partners // https://www.youtube.com/watch?v=4UCGyw4hzzo&list=PL-4sAIB6PwPk3Qejgc2JWINHah2058bBG How Would You Feel If You Knew You Could Retire Today? // https://www.youtube.com/watch?v=4UCGyw4hzzo&list=PL-4sAIB6PwPk3Qejgc2JWINHah2058bBG What Makes Our Approach Different? // https://www.youtube.com/watch?v=4UCGyw4hzzo&list=PL-4sAIB6PwPk3Qejgc2JWINHah2058bBG