Help keep your retirement plan on track in light of interest rate changes
Choosing whether to take a lump sum distribution from your pension, take the annuity or leave it is an important decision. It can play a critical role in whether your overall financial strategy, including retirement, stays on track.
It's helpful to answer the following questions:
- What are my options - Should I take the lump sum, take the annuity, roll it into an IRA or leave it in the current plan?
Understanding your choices and the pros and cons of each can help you make an informed decision. For example, you'll want to know how a large increase in the GATT and/or PBGC rates could affect your lump sum payout. Plus, if you take the lump sum how you should invest during these turbulent times.
- What should I know to avoid any mistakes?
With today's market volatility, how do I invest it to meet my goals? In addition to understanding the ins and outs of your choices, knowing what questions to ask a financial advisor, tax professional or estate planning attorney, can be particularly important.
- Should I work with a financial advisor?
If you decide you want to work with a financial advisor, you should have a list of questions and criteria ready to evaluate your options. Selecting someone who best meets your needs is critical.
I can help you answer these questions, so you can make the most appropriate decisions for you and your family. I've worked with affluent clients to develop comprehensive retirement strategies for more than 20 years. You may have more complex needs and I've built my practice working to understand the bigger picture, to help you achieve your financial goals.
Forbes recognized me as one of America's Top 250 Wealth Advisors Barron's Magazine recognized me as the top financial advisor in North Dakota for the past 10 out of 11 years.
2022 Forbes America's Top 250 Wealth Advisors, awarded August 2022, research by SHOOK Research, LLC. data as of March 2022. Compensation provided for using, not obtaining, the rating.
Barron's Top 1200 Financial Advisors 2012-2022, awarded February or March each year, data as of September of prior year. Compensation provided for using, not obtaining, the rating.
If you have $500,000 or more to invest, I'd like to talk with you – no obligation, no pressure. Let me help you understand all of your options.
Please call our office to schedule a time to discuss. I look forward to talking with you.