Should I Take My Pension In Payments Or As Lump Sum?

Video quality	The size	Download

Information Should I Take My Pension In Payments Or As Lump Sum?

Title	:	Should I Take My Pension In Payments Or As Lump Sum?
Lasting	:	4.42
Date of publication	:
Views	:	285 rb

The collapse of Margin debt leads to a decrease in stock prices and trigger a wave of selling as investors try to cover their losses, Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $145K for sometime now, my major challenge is not knowing the best entry and exit strategies I would greatly appreciate any suggestions
Comment from : Bruno Luke

Take that lump sum baby!!!!
Comment from : peter longo

We need more information about what the payments are and how much they already have saved It's not going to be an inheritance if they are scraping by The monthly payments could potentially go much farther, especially if they cover the lump sum within a short amount of time
Comment from : Matt C

Nice
Comment from : Oscar Herrera

Why invest in anything?
Comment from : Shia Maxwell

How much Canadian tax is taken off a pension lump sum How much do we need to put aside Or is it taken off immediately Let’s say it’s under 100k?
Comment from : Sister of Bobo caseyrcm3

what about determining between the 50, 75, 100 survivor benefit for the payments? is there an online calc or other information to help with the decision?
Comment from : Larry B

Ayuda mi por favor
Comment from : Janns Garcia

Help me my family annoying save me pls
Comment from : Janns Garcia

Not interested no real estate no investments no nothing just move on with life n have enough to be ok with kids I'll even get a job but I don't want deal with no pressure
Comment from : Janns Garcia

Dave Ramsey works for the corporations Lump sums only make sense if you have another income to rely on and you want to set aside assets for your dependents If you plan on living 8+ years, it's better to take the monthly payments I'd like to see whether this person actually took his advice Probably losing right now
Comment from : ricemonkey

I am 54 years old and I lost my job with 167000 dollar defined pension and want to do a lump sum rollover to IRA Will I be charged any taxes or penalized for not being 59 1/2 thanks
Comment from : robert allen

What if I don’t have anyone to leave it to and don’t care if it dies with me?
Comment from : Tony Shannon 2

Depends on what age you begin to draw on that pension In the example of peace officer hired at a certain period of time they can start drawing their pensions at 50 years and they COLA increases as well If you live until 75 the amount you've drawn from the pension is much more than what they offer as a payout
Comment from : AdamantiumBladeComicsCollectibles

I just got notified that I Can take a lump sum from a pension I was in at a previous employer I didn't even know I qualified but I've decided I will roll it over into my IRA with my Broker The monthly amount I can get now isn't worth it to me
Comment from : moblack

There are plans that allow you to take a set range of the lump sum amount ($10-$50k), and the individual will still receive a monthly 75 joint annuity payment for the primary and spouse This will allow some to play both sides of the fence Have that lump sum directly rolled over to a traditional ira; while receiving a slightly reduced monthly annuity for the rest of their lives
Comment from : Magic_Fruit_Bat

It all depends on circumstances of the pension
Comment from : Fred Systra

i took a monthley pension i am happy with it,it all depends on your health,i dont worry about my kids they will have to work like i did
Comment from : EDWARD DONISI

Is she asking about receiving the pension after retirement?brOr did she leave the job and is deciding what to do with her vested pension?
Comment from : Francesco Composto

I like the stability of the Pension Just don’t like the company May go under one day
Comment from : WisdomWins

If your company goes bankrupt your pension disappears Always take the lump sum
Comment from : fawkes the plot phoenix

This was a great response by david
Comment from : ATLFUNKCARTEL

Every time I ask where to put a lump sum , YouTube send me to investing I just want to know where I’ll put until I decide what to do with it brObviously not in a check account brbrWhere?
Comment from : Tito Real

What about military?
Comment from : Spencer Hall

So lump sum is not one of my options What do I do now
Comment from : Michael Tyler

for $147k, I would never take the lump sum She can spend that in a couple of years Usually agree with Ramsey but not on this one
Comment from : Spec Collector

Can I rollover to ROTH IRA?
Comment from : Jackie Yi

Good day sir watching from the Philippines my concern sir just asking my father worked in saipan nd Guam before for 10 years or more can he claim his benefits? Thank you
Comment from : jimbo camarillo

Should take a lump sum
Comment from : beautiful20106

2019 - "it's a bad time to buy" Listening to in 2021
Comment from : codePhreak

Your heirs do get it if you pass you just label them beneficiaries and if you take it out as a lump sum it throws you in a higher tax bracket My dad passed I inherited his pension and I do monthly payments and put those in my savings The lump sum is significantly less than the monthly payment offer
Comment from : Amanda Smith

Lori Vallow has a lot of nerve calling in under these cirumstances
Comment from : Jake Berryman

Our state retirement is 90 of the average of your three best earning years and if my wife outlives me, she gets it also
Comment from : Charlie Walter

I can't believe he didn't ask the big question first, like what does it pay? I know for my pension the lump sum is only my contributions, I lose all employer contributions, just don't think this is good blanket advice at all
Comment from : Paul Peterson

Get it in a lumpsum before they try to rob you
Comment from : Stringer Bell

The lump sum won’t even be close to the monthly payment you get from the pension I am really surprised Dave didn’t ask her what the monthly payment of the pension would be
Comment from : Chuckie17

1pension is for LIFE, unlike the irabr2some (like mine) you can designate a beneficiary so they can get most of the pension for their life so its not lost we you die
Comment from : DeepScubaDiver

WHEN I MET *HACKERLARRSON001 ON NICEGRAM*MY LIFE CHANGES TO BETTER LIFE CAN’T IMAGINE LIFE WITHOUT HIM THEY’ER THE GREATEST ON PLANET!!!
Comment from : Jane Ana

If you know how to handle money, the lump sum is best in nearly every scenario
Comment from : Tom M

A bird in the hand
Comment from : dbdigital57

Here's how I see it: the pension is your retirement money, your IRA is your gambling money If you have a pension, continuously make Roth IRA contributions throughout your career and you will be okay
Comment from : Andrew

Comment
Comment from : Dylan Kramer

Every situation is different but in general, it's usually better to take the monthly payments It wasn't that long ago that there was no such thing as a lump sum payment option attached to pensions Why do you think that changed? It was because companies did the math and figured out that they would come out ahead if they paid out in lump sums Think about that
Comment from : Dave K

Is she dying today?
Comment from : Frank Kresse

Keep to payments
Comment from : Chris Morrow

Get involved Fla southern Fla
Comment from : Chris Morrow

I don't think you can generalize that way Currently, my projected annual pension if I retire at 65 is around $79K/year, whereas the cash value is projected to be around $250K In order to make $79K/year on $250K, I would need a 32 rate of return to make taking the lump sum return the same amount and I just don't see how that's possible
Comment from : David Sharp

Ummm62 is not young
Comment from : Elle W

She has a cute voice
Comment from : inertiaforce

Completely stunned that he didn't even ask what the benefit payment would be on the pension That is one of the most critical numbers you need to know for even a ballpark analysis Weird If I pull my pension as a lump sum I get a whopping $147kOr, I don't touch it and get $2,600/mo benefit Would be hard (nearly impossible) to match that return on such a small amount of principle
Comment from : James Velvet

I never found this "10 to 12 percent world" Dave keeps talking about
Comment from : DMETS519

The other problem is pension funds are failing all the time, time the cash while you can
Comment from : scorpiomaj27

This shows how ill informed Dave Ramsey really is It’s a wonder he doesn’t get sued on a regular basis for such awful advice and giving people unrealistic expectations
Comment from : mattkcampbell

Most Americans today need that monthly pension payout to live on they can’t afford to tie it up in anything
Comment from : Jose Garza

Shallots make me cry more than onions The only thing that is known in this world is unknown
Comment from : cgeorge6786

Show me where I can get a guaranteed 6-7 I’ll put all my money in it right now!
Comment from : dean2663

Take the lump sum You really think those asshats that run the pension fund know how to invest?
Comment from : MikeTheYungGod

Whenever someone recommends real estate in an IRA ask them to define a prohibited transaction
Comment from : David Hilliard

He’s wrong, most pensions allow you to name a beneficiary who would get the payments after you die Choices are usually 50, 75 or 100 of the payments
Comment from : nyknicksable

Public pensions are going broke so what now??
Comment from : Jessica LT

Should have asked how much the income was for the pension Hard to match pension income when you take lump sum, especially when pensions provide Increased distributions every year as a COLA (cost of living adjustment)
Comment from : Alex

Can you receive a VA Pension in a lump sum?
Comment from : ArmyMan77

Never take lump sum There is survivorship with little less monthly payments Lump sum less total money Companies always give that option because it benefits them
Comment from : Ben’s Wig

The smiling toothpaste undesirably book because flesh electronmicroscopically carve absent a heavenly heavy hellish turret gabby, noiseless lute
Comment from : Aaron Lawrence

I took my pension in payments brNot because I thought it was smart brBut because I don’t know much about brInvesting or finances brBut at the end of the day brEverything is a risk
Comment from : Him Bike

Too many joy in my heart because bSLIVERHAÇKZ/b on 1G and his team make me smile with bunch of succėssful works, thanks once again
Comment from : Jojo Gaming

I took monthly annuity for life, no lump sum Not married It’s been 10 years, I have received 3 times what I had withheld for the pension I’m 65
Comment from : quietsignal

Depending on what the amount is , it’s hard not to take the monthly payment Disagree with Dave on this one There is nothing guaranteed in the stock market Market could be down for years and your drawing on a principle that down Take the monthly payment like social security
Comment from : Kevin Kuc

I’m retiring at 50 I will get over 50000 a year for life If I can get a lump sum at 50 for 2 million that that would be great But if it’s way less than that , why would I take it ??
Comment from : The First Order Videos

Government/Teacher/State retirement can be tricky - I can get a lump sum of about $130,00 or currently about 71 (goes up each year) of my salary for life I will need to receive a pension for about 3 years to recoup the lump sum Taking lump sum and earning 15 on it while withdrawing the same amount it runs out in about 5 years I do have a partial lump-sum option with a reduced pension available This is a good CPA question (although investing is not always a good CPA question) When I retire in a few years I plan on taking a pension and living on it while letting my other investments grow
Comment from : cabiv

More bad advice from Dave Most retirees need better assurances that their next check will actually arrive than he does Chasing the highest return as he suggests is not an ideal strategy for retirement if you don’t have alternative income you can count on during the times when those mutual funds are losing money, as they do sometimes
Comment from : a2audrey

Hello Mr Ramsey i wanted to ask a Question im glad i found this show i am currently being offered a lump sum but i only worked 11 yrs with this company and they are only offering me $21,000 plus my question is should challenge that amount? is it even worth it ?my deadline to decide is 10/31brplease help!!!!!!!
Comment from : Mr Tdm

Lump sum because pensions going bust
Comment from : Aaron Venema

I wonder what Dave's take would be on teacher's taking their lump sum pension at retirement vs leaving it in Most teachers leave it
Comment from : Mtti

I don't think taking a lump sum is a good idea YOu can never bet on the stock market to give you that kinds of returns Or you end up spending it all and end up with nothing
Comment from : ann hans

We have something called a cash balance which goes to my beneficiaries I can take as a lump sum, an annuity or roll to an ira when my employment ends when I retire They put in 5 of my salary plus it earns interest I have a small lump sum compared to most of you
Comment from : Donna Lutheran

LUMP SUM!!!!brbrtake to a casino, and ONE spin of the roulette wheel, and you double your money with a bet on BLACK!!!!brbrand everybody knows what Wesley Snipes says: 'ALWAYS BET ON BLACK!!!!' brbr👨🏾‍🦱
Comment from : rory calhoun

Why didn’t Dave ask what the monthly pension was if they didn’t take the lump sum?
Comment from : CSM1470

I retired 5 years ago and have already drawn more than the lump sum offer No regret as I expect to live another 20 Also, my children are doing well and don’t need the inheritance
Comment from : young timer

If you are good at self control, you are best taking your money as a lump sumbrIf you tend to spend every dollar you have, living paycheck to paycheck, you take the payments or you'll die brokebrbrMost people in Dave's programs are developing the self control to not spend it all the day they get itbrbrI did the math on Social SecuritybrTaking it at 62 vs 72, I would have to live past 85 before you were better off waiting without accounting for missed opportunity to gain interest on the money collected between 62 and 72 (doesn't matter which year I start taking the payments for between 62 and 72, it comes out about the same)brSo, I'll take the payments ASAPbrThey promised me I'd start collecting social security at 55 when they forced me to start paying into it They've already stolen 7 years of payments from me
Comment from : F Huber

vastlinkshack com changed my life with 15 000usd they sent me via paypal
Comment from : kinanee priscilia

Very interesting advice
Comment from : Trevor Nash

따뜻한 마음은 사람들을 매우 편안하게 만듭니다br울진산부인과미프진약물낙태임신중절수술병원♥카톡CBVG♥
Comment from : 김유미

I'm young and my previous company offered to buy out my pension I turn down the lump sum because it was too low and the taxes on it was extremely high I'm not near the retirement age so I told them to keep the lump sum They gotta offer more money in order for me to take the lump sum
Comment from : EC

Most pensions you can have joint survivorship where the spouse gets the same amount for life Now if you both meet your demise in an auto accident will it really matter🤔
Comment from : Tim

Rolling a 401k to a roth account u lose 10
Comment from : Renee L

where you get 10-12 returns??
Comment from : bebetigre12

Dave over generalized pensions Public pensions usually offer survivor benefits The surviving spouse is not left out in the cold Before spouting off advice, he should have gotten more details about her pension plan
Comment from : Inquirer 101

Can’t wait to retire
Comment from : redcomic619

Checking in months later on this Many state pensions are on the brink of insolvency DO THE LUMP SUM NOW or risk having nothing in the years to come
Comment from : ArkansasWesterner

There is such thing as a Self-Directed ROTH IRA
Comment from : betaomega04

This is a really good question/topic Something to tell your parents about who are keeping their funds in a typical pension Nice job
Comment from : Mtti