While pensions used to be the standard retirement benefit offered by companies, that is becoming less and less common. On today’s episode of the podcast, Phil talks about what options you have with a pension, why you might still need to save for retirement outside of the pension, and what to look out for.
Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-77-status-of-the-american-pension/
Watch the video podcast: https://youtu.be/QxOntOo2jig
What we discuss on this episode:
0:48 - Michigan is known for still having a lot of pension plans.
2:31 - There’s more pressure on self-saving for retirement.
3:35 - If someone has a pension, do they have an advantage in retirement?
6:01 - Should you take a lump sum or monthly payment?
9:43 - How has COVID changed company loyalty?
11:38 - How do you address inflation and taxes?
Ep 18: Finding Silver Linings in Unfortunate Financial Situations
Ep 17: 5 Ways We Sabotage Our Own Retirement
Ep 16: How To Have Those Awkward Financial Conversations
Ep 15: Retirement Constants That Will Affect Everyone
Ep #14: How to Live a Retirement Without Regret
Ep #13: The Variables That Shape Your Retirement Plan
Ep #12: Preparing for Retirement During Your Final Decade of Work
Ep #11: What Can We Learn About Retirement from Flying?
Ep #10: Busting the Myths When It Comes To Your Retirement Plan
Ep #9: Excuses We Make for Sticking With the Wrong Financial Advisor
Ep #8: Financial Planning With a Sense of Urgency
Ep #7: Are You Prepared in Case These Retirement Portfolio Disasters Strikes?
Ep #6: Is “Fake News” Impacting Your Finances?
Ep #5: What Classic Proverbs Can Teach You About Money
Ep #4: Tips for Making Tough Financial Decisions
Ep #3: How Planning Your Summer Vacation Is Like Planning Your Retirement
Ep #2: Facing The Realities Of Retirement
Ep #1: Meet Phil Putney
Coming Soon - Phil's Tax Hacks (and other retirement facts)
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