Is it a good idea to take a lump sum out to pay off a car or house?

If you took your money outside of your pension plan, could its growth do better?

On today’s episode of the Retirement Planning Podcast, Jim talks about cash out pensions, otherwise known as lump sum pensions. Pensions are thought to be a thing of the past, but they can be pretty great! Jim explains why companies offer cash out pensions, why they don’t, and he even divulges the top 5 things to consider before making a decision about a pension, including taxes and potential growth.

Host:

Jim Martin, Financial Advisor, Dave Ramsey ELP SmartVestor Pro.

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