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 114: 22 Money Resolutions for 2022 Part 1
Ep 113: Mailbag – Retiring Early, Risk, and More
Ep 112: Retirement Late Bloomers
Ep 111: Dropping the Ball Financially
Ep 110: 4 Unreasonable Requests
Ep 109: Living the Dream
Ep 108: Overconfidence in Financial Planning
Ep 107: Tax Consequences – Pros and Cons
Ep 106: What is ”Risk Averse”?
Ep 105: Financial Mistakes Couples Make
Ep 104: Can You Put Off These Financial Decisions?
Ep 103: What Do You Need To Know About the Recent Tax Proposal?
Ep 102: 5 Ways to Mind the Gap
Ep 101: Red Flags in Your Financial Plan
Ep 100: How Age & Wisdom Effect Retirement
Ep 99: Breaking Down Economic News in Bits and Pieces
Ep 98: What Makes Phil Tick?
Ep 97: Why You Need Retirement Customization
Ep 96: The SECURE Act 2.0
Ep 95: Things That Don’t Matter…Until They Do
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast