After a long and satisfying career, you’re finally starring down the barrel of retirement. Traveling, relaxing, seeing family… and suddenly the rose-colored lenses you’ve been looking through are crushed by a stack of paperwork from HR asking how you would like to claim your pension benefits. Single life, Joint life, lump-sum, period certain, spousal benefits with a pop-up provision, and probably several other terms you’re unfamiliar with stick out as you skim over the packet. Worse off, there is likely a deadline on your sheet for you to respond. Cutting through all the jargon on the paper, the packet of information is asking a few questions;
How healthy are you compared to the average person your age?
How comfortable are you with risk?
How much control do you want to have over this money in retirement?
If you can confidently answer these questions, then a financial advisor can help you...