Insurance Protection & Other Services

Pension Income Alternatives

A comfortable retirement is something to look forward to. It’s something you’ve worked hard for and earned. But there are a lot of decisions to be made, including one that can have an impact on the pension income you’re counting on for you and your spouse. That’s because with a defined benefit plan like the one provided by your employer, you must decide prior to retirement whether to take you full pension benefit and expose your spouse to a loss of benefits at your death, or to take less than your maximum benefit in exchange for providing income for your spouse after your death.

Many people go into retirement without ever knowing whether or not they have chosen correctly. But the more information you have, the easier it will be to make the decision that’s right for your family.

So first, consider these questions:

• Do you know what your options are and how much retirement income you will receive?
• Do you know the steps you can take today to ensure you receive the maximum income during your retirement years?

For help answering these questions and more information on Pension Income Alternatives please contact your Signature Financial Partners financial professional.