วีดีโอ

Do you think the buyout will be extended past 2026?

At 3:04, what's the difference between this advice and illegal insider trading?

Thank you for the video. In this example though, with a starting balance of 2 million, would a five year payout really be 400k/year (I.e. 2million/5= 400k)- OR would the first year payout 400k and the remaining 1.6 million remain invested and either grow or lose money based on the market, and then continue to payout based on years remaining? If the first scenario, this seems like a bad deal because of inflation, the 133k paid out in year 15 has about 30-40% the purchase power of year one. Thanks for clarifying, thumbs up on the video

Long term care is a good investment even for married couples with or without children. Some spouses leave you when illness arises, most children and spouses don’t have the time or expertise to properly care for aging individuals. Plus that’s a big expectation for anyone to put on their children, spouse, or grandchildren.

My wife left a company back in 1994, and that company had a pension plan. When she left, she has just over $10K in that plan. The company had a policy that if you had under $10K you could cash it out. If it was over, then you had to leave it. Now I firmly believe taking it and investing it would have been better, but the defined benefit is guaranteed and not so bad all things considered. She started drawing the benefit three years ago. It was $3600 a year, and so she has already gotten her $10K back and as she’s in good health, it is highly likely she will draw that for many years to come. Nonetheless, taking the $10K and investing it would have probably been better, but it was not an option in her case.

for me its a yes 5 to 10 percent is nice

🥀💔😿

Thank you.

We recently got a letter regarding the APB buyout program (2023). Is this a different program? Do you have a separate video on the APB program? Thanks!

Hi - do you have a video about the APB program? Thank you!

Some very good ideas here, especially for us singles

Also, if u cash out your pension that money can be passed down if and when u die, whereas if your collecting a pension all that income stops once u pass away.

That's because most women wasted their life on a man for too many years and have nothing to show for it. Smart women remain single and free forever - I can retire at 53 with plenty of money to enjoy my life. It wouldn't have happened if I allowed myself to rely on anyone else. Simple as that.

As a woman who is at a midlife age, I appreciate how he’s not sugar coating anything, but just giving what is real & factual.

Thx

A "church plan" does not apply.

Why will they eliminate the AAI program?

No shit dude😊💩

Hi Can I ask for a bit of advice. We setup a company 1998 there were three business partners all partners are company directors we setup a company pension policy scheme we were all trustees of the pension policy. Sadly one of the directors passed away and I left the company in 2008. I asked Pension Company in 2020 about my annual statements which I’ve never received I explained I do not work for that company since 2007. They told me to contact my old company to send a letter to them tell them that I have left the company and send my statements to my home address. I’ve spoken to the remaining Director twice last year asking him to send a letter for me for some reason he doesn’t seem willing to do it for me. I don’t what to do or where to go with this is or who I contact for advice.

what are some good ways to create nesteggs for young nieces ,nephews outside US ?

Great content, thanks much!

Do you have any information on when these will be deposited to our accounts? I have agreed to a lump sum buyout it has been accepted and certified by a judge. The state received it a month ago. Any idea when I’ll see it?

I have a question, I worked four years for the city where I’m from can I cash out or I lose what ever the city deducted from me ????

Thanks for this video. Does a company have the ability to just decide not to pay out pensions?

Do you have an opinion on this… If you retire early and live off your cash, no “earned” income, and not taking any IRA distributions because we’re younger than 59 1/2. With no income we don’t qualify for ACA. I was told in that situation we would be deferred to Medi-Cal for free or pay full price directly to an insurer.

Thank you very much for that information.

I am not enjoying my retirement coz all i do is worry about health insurance.

I'm in DESPERATE need to pull everything regardless of the penalties from VRS. IM 46 and if I don't, well let's say I must. My question is have they changed a person's ability to pull out early? I have 21 years invested. My future RELIES on this. I have a VALIC retirement I e put into for near 20 years. I took a loan because I wasn't able to pull out early. The fact I couldn't with VALIC has me worried I will be out of luck with pulling from VRS. The stress of worrying i won't be aloud to cash out is killing me. Any help would be greatly appreciated. God I wish I had business sense.

Pensions are a frigin scam, ya sure your employer doubles the amount but your monthly payment is stretched over a period more than likely you wont be alive and here in Canada you can only get 7% a year, Im paying 425 this month and my monthly payment estimator is 304 a month, I can guarentee now with this covid scam there are gonna screw you too if you dont take the jab because they will say you are more of a risk as they have already taken my job, I want my damn money to invest or go broke with on my accord not the govt! 800 combined effort gives me 304$ a month, oh boy sign me up NOT!!!!!

Big mistake! Mine was small, 27k. I decided to reinvest it in crypto markets, I made a short gain, then everything went to crap with the market crash. I then got scammed by a crypto giveaway, lost more money. I threw away about 5k on a ebike with its accessories and it got stolen! Now, 6 months later, have little to nothing left! Don't cash out your retirement!

That company owns that pension money, if you cash it out and roll it into a 401k or an IRA, now that money is in “Your Name” it belongs to you.

Also it’s tax free and a lump sum.

What happened to the pensions of people like pharmacists who worked for K-Mart?

What happened to the pensions of pharmacists who worked for K-Mart?

Hello, So my dad's company got a "Lump Sum Pension Offer" to their employees because the company about to shut down in 2016. The deadline was Nov. 2016 to submit the forms that they offered. There were 3 options for him to choose from: 1- Elect to receive a single lump-sum payment 2- elect to start monthly benefit payment 3- wait until later to begin receiving your pension At that time, he chooses option 3 and does nothing. Now 2021, he wants to rollover that pension $ to a Roth IRA or take the lump sum. Is it too late for that? If not, where was that pension $ go? because the company he worked not exist anymore so was the phone # for help assistance. Who do I contact to get help with this situation? Thanks for your help

From a tax perspective, is the cash amount you receive from AAI after you pay the 20% tax on it, exempt from future taxes or does the amount still have to be claimed when I pay taxes over it in the year that I got it payed out?

I saw this today. I am retiring in 3 years and this is offered to me. Your video really helped me to understand this, very clear. Is this something that will be offered throughout the years? It is being offered, but will it be grandfathered in?

Can I cash my FACA during Covid 19?

Hi, can I call to discuss pension?

A deferred comp plan has a contribution limit, and it's far less than $100K. It has same employee contribution limit as the 401(k).

Let go after 27 years of service. I'm 50. Need to borrow a portion from pension, is that allowed? I am considered 'vested' at my job but THEY let me go. I requested this already and await their determination. (Determination? Isn't it MY money and THEY let ME go?)

that's all i needed to hear bro

im leaving the union is it possible for me to cash out my pension from the union

Spot on! Every good adviser SHOULD be doing this!

Dave, Thanks for the video. What assumed longevity age is TRS using to compute the buyout?

If I retire at 40 can I take the monthly pension distributions without an early withdraw penalty?

What if you are fired from a job?

My "medications" after retirement will be a half a doobie in the morning and the other half at night.

How about the "roll the dice" gap insurance plan from age 62 to 65... i.e. NONE. Just try to stay healthy and pocket all the premiums you would have paid. Also, you mention Medicare planning but you are assuming that person will retire in USA. If they don't, then Medicare is not useful to them. None of this crap mentioned here even comes close to matching anything I plan on doing.

Can private insurers throw you off of the plan if you get sick?