BIRDSEYE FINANCIAL SERVICES (360) 722-7889
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Pension Maximization Strategy

Consider your options...
Pension maximization is the process of analyzing and choosing a pension payout option at the time of your retirement. It’s never too early to begin the process of reviewing pension options and weighing alternatives, however it is a process most commonly done within three years of your anticipated retirement date.

Every pension program is different, but the process we take to help you evaluate your various options is generally the same. It’s easiest to begin your understanding of the process by reviewing a hypothetical.
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HOW PENSIONS WORK
Request your Pension letter from your employer
Let’s assume Frank and Mary are married. Frank is eligible for a pension at age 65. In this example, we’ll assume Frank (and Mary) have the following options: 

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As the example illustrates, Frank could take a reduction in payout in order to provide some assurances that his wife, Mary, will continue to receive some level of continued pension income should Frank predecease Mary.
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What if you had additional Pension Options?
By using a Cash Value Life Insurance, you are able to leverage your pension fee to often accomplish more benefits then you may receive from the pension only. This is an example of how the process works.
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LIFE INSURANCE ADVANTAGES
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​If Spouse Dies First...
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The Pension Owner keeps the higher pension amount and can cancel the life policy and collect any cash value and interest accrued in the policy which would have been collected and kept by the pension company.​​
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If Pension Owner Dies First...
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The surviving spouse receives a TAX-FREE lump sum that can be invested to create a pension replacement for income. This can be in guaranteed income or potential growth.
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​If Both Pension Owner and Spouse Die...
The Life Insurance death benefit can pass these assets onto beneficiaries who would otherwise not have received any of the pension funds in a Tax-Free manner.
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​Long-Term Care Benefits
If the Pension Owner chooses, the life policy death benefit could be used to help pay for Long-Term Care benefit included with the Life Policy. For Example, a $250,000 Life Insurance Death Benefit, may offer 2% of this amount tax-free monthly to help pay for Long-Term Care needs.
*** There are many differences between Cash Value Life Policies. Please refer to an insurance illustration for complete details. The list of SUPER ROTH benefits may differ between products and how they are set-up.
Sample LIfe Policy
EXPLORE YOUR PENSION OPTIONS...
  • How might health insurance coverage factor into your decision?
  • How will taxes impact your decision?
  • Does it make more sense to take a reduced payout to protect your spouse OR should you consider taking a higher payout and using the increased income to acquire a life insurance policy?
  • A possible strategy would require an analysis to determine proper coverage amounts necessary (life insurance is subject to underwriting requirements).
  • How might longevity (of you and your spouse) factor into your decision?
  • How does your pension decision affect your Social Security benefits?
  • How does your pension decision affect your other retirement and investment assets?​​
Get a Pension Maximization Comparison Analysis!!!
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Resource Page
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Vendor Bookings
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Birdseye Financial Inc
136 Hillside Dr E
Burleson, TX 76028
Main # 360-722-7889
Texas # 817-704-3544
Fax #425-412-6865
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INFO@BIRDSEYEFINANCIAL.COM
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The content of the Birdseye Financial website, email, fax, social media, text messages, online meetings, and phone calls are for educational purposes only. Any material and its attachments, links, downloads, and/or any emails from Birdseye Financial employees/contractors are not intended to provide legal or tax advice. To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal or state tax advice contained in communication (via Website, Email, Fax, Text, Social Media, in person, or by phone) is not intended to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein. Please seek the advice of appropriately licensed individuals for legal or tax advice relating to your individual situation. Birdseye Financial and its employees/contractors are not tax, legal, or investment advisors and are not operating in such a manner. Any advice you receive should be taken as non-tax, not legal, and non-investment advice and only educational in nature. Should our clients need a licensed investment advisor, we recommend LifePro Asset Management. Please know investments in the market carry an inherent element of risk. No investment in the market or strategy can guarantee a profit or prevent a loss. Any illustrations used in the sales or service process are to be considered hypothetical and for explanatory purposes only. 

MEDICARE MANDATORY DISCLAIMER
“We do not offer every plan available in your area. Currently in WA State we represent seven organizations which offer 34 products in Snohomish County and 33 products in King County and 19 products in Whatcom County. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Program (SHIP) to get information on all your options.” All calls regarding Medicare may be recorded by phone or online and a SCOPE of appointment required by Medicare will be obtained 48 hours prior to any sales meeting to discuss plan details. (NOTE - The organizations and plans can vary by state and county, we can validate these numbers upon request.)

Birdseye Financial and its employees/contractors are not employees/contractors of Medicare, the government, insurance company or any other agency. We are independent licensed agents. All calculators and illustrations shown or sent from our website, email or any other means are designed to be informational and educational only. They do not constitute investment advice. We encourage you to review your insurance and investment strategies periodically as your financial circumstances may change. On many products it is important to note that PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS OR INTENDED TO PREDICT ACTUAL PERFORMANCE. ACTUAL INTEREST CREDITING RESTULTS WILL VARY BASED ON MARKET CONDITIONS, INDEX ALLOCATIONS, AND INTEREST CAPS, RATES, SPREADS, PARTICIPATION RATES and possible Fees. The use of different time periods and funding amounts can cause results to differ from other products. Illustrations may be based on hypothetical historical data. 
 
State Licenses
LICENSES: AZ #7101306, CA #4140429, FL #W825259, GA #3621424, ID #863617, KS #7101306, MA #2176921, NV#3879853, NC #7101306, OK #3001663224, OR #7101306, TX #2695866, WA #190780. Note that in California, our DBA is Birdseye Financial and Insurance Services.


S&P 500 and S&P are registered trademarks of Standard and Poor's Financial Services LLC. No annuity or financial product discussed herein is sponsored, endorsed, sold, or promoted by Standard and Poor's Financial Services LLC, S&P Dow Jones Indices LLC, or their affiliates, and none of the Stand and Poor's Financial Services LLC, S&P Dow Jones Indices LLC, or their affiliates make any representation regarding the advisability of purchasing an insurance or financial product. This applies to all indexes used.
  • Home
  • About
    • Welcome to Birdseye
    • Who We Are
    • Risk & Portfolio Assessment
    • Request Free Consultation
  • Strategies
    • Key Components
    • Inflation Impact
    • Rule of 100
    • Sequence of Returns
    • Volatility Buffer >
      • Volatility Buffer Webinar
    • Tax Strategies >
      • Tax Free Income
      • RMD Calculator
      • IRA RMD RULES
      • ROTH IRA
      • ROTH Conversion
      • Tax Declassified Webinar
      • Qualified Charitable Donation
      • Business Tax Credit
    • Educational Webinars >
      • Taxes Declassified
      • Top 10 IRA Mistakes
      • Taxes in Retirement
      • 3 Economic Strategies
      • Five Key Areas of Retirement
    • Educational Videos
    • Documentaries
    • Recommendations
  • Planning
    • Retirement Analysis
    • Social Security >
      • Social Security Webinar
    • Pension Maximization
    • Risk Analysis and Investments
    • LifePro Asset Management
    • Federal Benefits >
      • Federal Benefit Kit
    • WA Retirement Systems
    • Business Tax Credit >
      • Research & Development Tax Credit
      • Employee Retention Tax Credit
      • Resources
  • Insurance
    • Annuities
    • Medicare >
      • Medicare Questionnaire
      • Medicare Clients
      • Medicare Networks
      • Medicare Rules
      • PEBB Benefits
    • Long-Term Care
    • Life Insurance >
      • Multi-Generational
      • Premium Financed
      • Final Expense
    • Health Insurance
    • Dental Insurance
    • Vision Insurance
  • Tools
    • Financial News Blog
    • Market Index Links
    • Market Simulations
    • Required Minimum Dist (RMD Calculator)
    • Calculators
    • Professional Referrals
    • Bankrate Interest Rates
    • Rate of Return Calculations
    • Zillow Home Value
    • Slides - Intro Step >
      • Slides - Hegna
      • Slides - Strategy
      • Slides - Taxes
      • Slides - Invest
      • Slides - Buffer
      • Slides - FIA
      • Slides - Income
      • Slides - Pension
      • Slides - ALL
  • Contact
    • Free Consultation
    • Schedule Appointment
    • Online Meeting
    • Secure Upload
    • Retirement Analysis (initial)
    • Retirement Software Client Portal
    • Application
    • Beneficiary Form
    • Rate our Service
    • Refer a Friend