Colin Exelby, CFP® explains how retirement changes when you have a pension.

After 20 years of helping retirees navigate life after work, I can tell you—your pension decision might be one of the most critical financial moves you ever make. Whether you’re choosing between a lump sum or monthly payments, weighing the risk of outliving your money, or deciding how to protect your spouse, there’s a lot to unpack. In this video, I break down everything you need to know about pensions—how they work, the tradeoffs, how PBGC protection fits in, and real-life case studies like Bob and Linda to help you understand your options. I also explore strategies like pension arbitrage and hybrid rollover options for more control and flexibility. If you’ve got a pension—or wish you did—this is a must-watch.

Daniel de Visé Article:👇

https://www.usatoday.com/story/money/2024/03/19/pensions-are-popular-why-dont-more-americans-have-them/72968970007/

#RetirementPlanning #PensionAdvice #LumpSumVsMonthly #FinancialFreedom #SocialSecurity #PBGC #PensionPlanning #RetirementStrategy #Annuities #investsmart

00:00-Intro

00:30-The Critical Pension Payout Decision

02:30-Lum Sum or Monthly Payments?

04:15-Understanding Your PBGC Protection

05:05-The Longevity Challenge

07:48-Are There Other Options?

10:15-When to Consider the Lump Sum Option?

11:35-Integrating Your Pension Decision

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[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.

I provide financial planning for business owners and their families that makes sense.

Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.

We strive to help you:

*Optimize Your Cash Flow

*Minimize Your Taxes

*Build Your Net Worth

*Create a Lasting Legacy

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