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A Comprehensive Guide to Pension Plans for Retirees
Manage episode 407262595 series 3561532
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Rob and Archie dive into the topic of pensions. They begin by discussing the rarity of pension plans in today's workforce and highlight the importance of knowing if you have a pension, even if you've left the company that provided it.
They explain what a pension is - a defined benefit plan where the employer makes contributions to a portfolio of investments to provide a guaranteed income or a lump sum payout upon retirement. They discuss the benefits of pension plans, such as not having to bear the investment risk and the advantage of professional management.
This episode on YouTube: https://youtu.be/vPHIicWDSPs
Mentioned website links - https://unclaimedretirementbenefits.com/
Listen in on conversations with Certified Financial Planners Archie and Rob Hoxton as they share weekly wisdom to help you retire and stay retired. Have you ever wondered what it will feel like when you get your last paycheck? Whether it’s excitement, anxiety, or anything in between, this show is for you.
Visit: http://www.thelastpaycheck.com
If you'd like to chat with Rob or Archie further, please schedule a consultation: https://calendly.com/archiehoxton/last-paycheck-consultation
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