How to Choose the Most Suitable Pension and Annuity Options

In last week's episode, we discussed the various ways that a guaranteed income stream can work; specifically, how annuities function in general.  We received a lot of response to that topic, and more than a few questions as well.

When deciding when and how to take your annuity or pension payments, your options can seem almost unlimited.  Sorting it all out requires an understanding of the potential outcomes that each choice brings.

In this week's episode of Managing Your Financial Future, podcast host Johnny Dean and "Professor" Rick Plum, CFP® take you through this decision process, and give you some valuable tips you should consider before you make an irrevocable income decision.