Ford Motors Pension - Your Choices When Retiring

Do you work at Ford Canada? Have you been a long-time employee and are on the Defined Benefit Pension Plan at Ford? A defined benefit pension plan is a type of pension plan where Ford ‘sponsors’ your retirement plan by promising a specified pension payment. The great thing about defined-benefit pensions is that employers guarantee a very specific retirement benefit amount for each participant in the plan. When you retire, we're able to figure out exactly how much your pension is worth and what you’ll be paid out once you've retired. In this video we explore your 3 options when retiring or leaving your employer, and you have a defined-benefit pension plan with the company. YOUR 3 OPTIONS: CHOICE #1: DO NOTHING Do nothing. Leave your pension with Ford. Ask yourself, in 30 years is the company still going to be making vehicles here in Canada and employing people to contribute to my pension? Who will be putting money into your pension so you can take it out? CHOICE #2: COPYCAT ANNUITY The copycat annuity (also known as a “mirror annuity”) is a popular choice for employees coming out of a defined-benefits pension plan. It allows you to receive the same pension that your employer promised you, but it gets paid out by a secure Canadian insurer instead of the company you worked for, such as Sun Life, Canada Life and Desjardins. Plus, sometimes your company’s pension has a surplus and the Canadian insurance company may pay you your pension plus extra cash. We’ve seen bonus cash payouts up to $30,000. You might qualify. CHOICE #3: TAKE THE CASH Taking the cash is known as the commuted value. You’re able to move the money out of the company pension plan so it can be self-managed by you. Watch out for the government tax grab, but beyond that, this is your money. Use it for retirement or to pay off your mortgage or buy a boat or RV. Take a trip. The rest is your estate. Contact a financial planner at Pension Solutions Canada to help you invest your funds so that you’ll have enough money to last you for the rest of your life. We can help. Schedule a virtual Zoom meeting at ENJOY retirement to the fullest! More resources and tips can be found on our website... ...(read more)

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New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

Birch Gold Group Review 2023 – Best Gold IRA Company? Pros and Cons

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. See chapters in the description. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Chapters: 0:00 - Intro 0:26 - Is Gold a Good Investment? 1:03 - What is Birch Gold Group? 1:37 - IRA Eligible Coins 1:59 - Is Birch Gold Group a Legitimate Company? 2:50 - How Does Birch Gold Group Work? 3:34 - Birch Gold Group’s Fees and Investment Options 4:02 - Birch Gold Group Low Minimum Investment 4:29 - Birch Gold Group Storage and Security 5:34 - Con #1 – No Overseas Storage Options 5:49 - Con #2 – Initial Setup Fees 6:02 - Birch Gold Group Review Summary Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a

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