Financial Clarity for Doctors

What's a Pension and Do Doctors Get One?


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In this episode of Financial Clarity for Doctors, Corey Janoff and Rachelle Vanderzanden, discuss some of the basics of pensions.  How do you get one, what are the benefits, and exactly how do these things work?

Some pension basics covered in this episode include:

  • What type of employers off these retirement plans and who contributes to them.
  • The types of investment risk associated with these plans (and who takes that risk).
  • How pension benefits are calculated – this can vary but is often offered as a monthly or annual benefit amount in retirement.
  • How to compare the benefit of a pension to other employer retirement plan offerings.
    • This can be especially helpful if you are offered a choice between a pension benefit and a 403b or 401k.
    • Lots of folks think of pensions as an additional benefit provided by employers that are working hard for their employees, but every plan is different.  Some of funded by the employer, some are funded by the employee, or a combination of the two.  Take some time to evaluate the quantitative benefit of any retirement plan when you’re considering new employment opportunities.

      For more financial planning tips from Corey and Rachelle, you can reach out to them at [email protected]. They would love to hear your questions and ideas for upcoming episodes.


      Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.

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