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Jim Martin has the heart of a teacher and wants to help you Retire AWESOME! Listen as Jim Martin, RFC, AAMS answers questions and teaches you how to retire on your terms. Jim is a Dave Ramsey ELP SmartVestor Pro so if you enjoy Dave Ramsey you’ll enjoy this podcast. Check out the Answers Today Podcast. Ask Jim a question here: https://retirementanswerstoday.com
Episodes
![Should I take a lump sum or cash out pension benefit? [Episode 15]](https://pbcdn1.podbean.com/imglogo/image-logo/6000453/Retirement_answer_today_podcast_1_1_1__mdgx82_300x300.jpg){kind=logo}
Monday Aug 17, 2020
Monday Aug 17, 2020
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.
Retirement Planning Podcast
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