Pensions used to be common, once you retire the company would give you X amount of dollars per month for the rest of your life. As the world has evolved, so have pension plans.
In this episode, Tom Selbo breaks down the pension options and the main consideration to take when planning for retirement with a pension involved. Tom reveals who benefits from pensions and how they fit into retirement plans before and after you pass away.
Tom discusses:
- The different types of pension withdrawals
- The role of taxation in deciding how to withdraw pensions
- How to extend the life expectancy of pension for your spouse
- Who benefits from the different types of pension withdrawals
- And more
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