Many companies are ditching or cutting their retirement plans. Could a lump sum payout from your employer prove a better strategy for you?

Thanks to historically low interest rates; pension plans cuts are a prominent story in 2017. Bonds rates are still historically low and many boomers are dealing with inflation or delayed retirement. Many companies are coping by offering employees lump sum payouts rather than lifetime income. Is this a good strategy for you? What options are available to you? Other topics include:

 

• Proper ways to use target date funds in your 401k -are they a waste of time and money?
• Credit cards as a smarter way to spend and save for college
• Is the market pulling forward gains from polices that have yet to change
• Money issues you may face when moving abroad
• Fiduciary and fee only planners

 

 

 

 

Join Rob Black, Michelle Lerman and I at our next retirement seminar starting at 11:00 a.m. on Thursday, February 9th at Double Tree by Hilton Berkeley Marina. Click HERE to sign up and use code retirement123 for free entry!

 

Email your money question to [e-mail] , or call the show at 1-800-516-1220 from 2:00-3:00 p.m. (PDT)

 

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.NewFocusFinancial.com.