NOW'S THE TIME TO THINK ABOUT PENSION PAYOUTS STATEWIDE Edition

But considering pension options early will give you more flexibility in making a decision that will affect your finances for the rest of your life, experts say. There are several factors to take into consideration before making a decision, such as your age and health; accumulated savings or investme...

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Bibliographic Details
Published inThe Hartford courant
Main Author STEPHEN M. WILLIAMS Stephen M. Williams is a business writer for The Courant
Format Newspaper Article
LanguageEnglish
Published Hartford, Conn Tribune Publishing Company, LLC 08.01.1995
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Summary:But considering pension options early will give you more flexibility in making a decision that will affect your finances for the rest of your life, experts say. There are several factors to take into consideration before making a decision, such as your age and health; accumulated savings or investments; and monthly expenses and other retirement needs. The same exercise applies if you have a spouse. "When it comes to an option of a lump sum or a payout, I always suggest the lump sum," said Carole L. Bernard, investment representative in the Windsor office of Edward D. Jones Co. "It's a matter of control."
ISSN:1047-4153