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Friday, October 13, 2023
Fall may be the season of pumpkin spice lattes for some people, but for others it’s the season of “lump sum retirement” conversations – that time of year when employers with defined-benefit retirement plans are updating their official present value interest rate, potentially changing the value of employee retirement packages by interest rate can generate.
The retirement package represents one of the biggest financial decisions of an
employee’s life, for people whose employer offers such an option, so this lump-sum value change is understandably big news.
We work with clients on this decision every single year, so we want to take a minute to talk through the three biggest considerations that we think would-be retirees should keep in mind – and the mistake they should look to avoid!
Download our newsletter to read the entire article…
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