Pension Cash Out Offer – Should I Accept? The recent rise in interest rates has led to a big increase in companies offering to buy out your pension with a lump sum payment. How do you know when an offer like this is once you should accept? Or, how do you know when you should keep your pension? Pensions provide a safe, steady source of income for you for as long as you live. These can be great assets to have in retirement and should not be given up without considerable thought. If the pension payment you would have would be absolutely vital for you to make ends meet in retirement, we would generally caution against taking an offer for a lump sum payment for your pension. While it might be nice to look at a large lump sum payment, there are risks involved in investing and managing that money over time that should be considered. But it can make sense for some to accept a lump sum payment for their pension. If you have a healthy amount of other fixed income in retirement, f...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)