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)

LEARN MORE ABOUT: Retirement Pension Plans
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing

https://inflationprotection.org/ford-motors-pension-your-choices-when-retiring/?feed_id=45102&_unique_id=63883c6a3fc99 #Inflation #Retirement #GoldIRA #Wealth #Investing #RetirementPension

How to Change Password for Fidelity Investments App

How to Change Password for Fidelity Investments App In this video, I'll show you How to Change Password for Fidelity Investments App. This is the easiest and fastest way to Change Password for Fidelity Investments App. Make sure you watch until the end of this video to find out How to Change Password for Fidelity Investments App on Android and iPhone. These methods work on Android as well as iOS 11, iOS 12, iOS 13, iOS 15 and iOS 16. Hope you enjoy! Video Parts: 00:00 Intro: How to Change Password for Fidelity Investments App 00:07 Changing Password on Fidelity Investments App 00:38 Outro: Ending Thanks for watching! ❤ Bytes Media © 2022 Topics Covered: Bytes Media how to how to fix How to Change Password for Fidelity Investments App how to change password for fidelity investments fidelity password fidelity login how to change fidelity wifi password i forgot my fidelity online banking username and password fidelity password requirements fidelity customer service fi...

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

How Annuity Education Can Help You Effectively Plan for Retirement with Annuities: Insights from IBC Global

Want to Learn If An Annuity Is Right For You? Thank you all for watching! Don't forget to subscribe for more! DISCLAIMER: All advice and/or opinions expressed in our videos are the result of our experience in the insurance and financial industries. Any action taken based on the information expressed in our videos is the sole responsibility of the viewer. All content produced by Steve Parisi and ILS Products is made for informational purposes only. #Finance #Annuity #Insurance... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Annuity Education: Effective Retirement Strategy - Utilizing Annuities Retirement planning is a crucial aspect of everyone's financial journey. With the goal of maintaining a comfortable lifestyle after ending decades of work, individuals often seek strategies that provide a st...

Timothy Sumer

Search This Blog