Want to create an interactive transcript for this episode?
Podcast: Providence Financial Retirement Show with Anthony Saccaro
Episode: Lump Sum or Annuity Payment as Pension Options
Description: What is a pension? Many people are surprised to find out that it's not a 401k or 403b. A pension is an employer-sponsored plan that is designed to provide an income stream for life - and by definition, that's an annuity. In this episode, we discuss 5 things you need to take into consideration when deciding the best way to take your pension (unless you're a teacher or government worker, in which case you don't have a choice - you have to take the monthly income):Â 1. what is the break-even period (not counting interest or dividends or potential g...