Leaving an employer or taking early retirement often results in the need to make decisions regarding pension options and retirement income.  Options that may be available include the choice to take an annuity (monthly payment from the pension plan) or cash-out from the pension plan and accept what is referred to as the commuted value or lump-sum payment.

The pension decision is based not only on the critical need to generate income in retirement, but also encompasses several additional factors such as the tax implications, your estate planning needs, availability of post-retirement health benefits, your risk tolerance, and the future viability of your employer sponsored pension plan.

We have extensive experience in counselling clients on their pension decisions and the long-term implications of the various pension options.