The role of pension plan income coordination in your plan

Before beginning your pension benefits, you’ll want to first look at the numbers projected out over your full number of expected years in retirement, considering also whether you’ll receive a lump-sum payout or a monthly annuity payment. Careful analysis will pay off.


Is pension plan income coordination for you?

Each pension has its own formula that determines how much you may get at what age. With some pension plans, there is no value in delaying the start date of the pension. In other plans, retirees benefit greatly by delaying the start date. You may want to consult with an expert to help you figure out yours.


Stat

The Rule of 80. This formula means that once an employee's age and years of service total 80, the employee is eligible to retire. For example: An employee begins working for a government agency at age 27. If the organization's retirement system operates under the rule of 80, given this employee’s age, they will be eligible to retire at age 53 ½ after 26 ½ years of service.


Why United Wealth Management

Our advisors will assist you in evaluating what’s best for your situation to help protect you and your family throughout your retirement years.
 
 
 
 
 
 
 
 
 
 

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Gather financial statements and start a list of your current and future financial goals.
 
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A few simple resources, like market information and calculators, can make managing your money so much easier.