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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Birdseye Financial Services
​
136 Hillside Drive E
Burleson, TX 76028

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Client Resources
Main # 360-722-7889
Texas # 817-717-1487
Fax #425-412-6865

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[email protected]

birdseyefinancial.com
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CLICK TO READ OUR FULL DISCLOSURE
The information contained herein: (1) is proprietary to Birdseye Financial Group and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Any information herein about providers, speakers, and services does not constitute a recommendation or endorsement. This material is not to be distributed without the express written consent of Birdseye Financial. Regarding your financial situation, you should consult with a financial professional before acting on specific actions or suggestions given. For legal or tax advice, you should contact your qualified attorney or CPA. Insurance and tax planning services are offered through Birdseye Financial. Investing involves risk, including the potential loss of principal. No market investment strategy can guarantee a profit or protect against loss during declining values. ​Fiduciary Investment Advisory Services are offered through Simplicity Asset Management, an SEC-Registered Investment Advisor. Registration does not denote any level of skill or qualification.

MEDICARE MANDATORY DISCLAIMER
“We may not offer every plan available in your area. ​Please get in touch with 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 before 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.)

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. The current license status may increase or decrease without being updated on this site. ​If you have any questions, please don't hesitate to ask.
  • Home
  • About
    • Who We Are >
      • Explore More
    • Corbin Lindsey, Advisor
    • Our Reviews
    • Get Started
    • Risk & Portfolio Assessment
    • Request Free Consultation
  • Strategies
    • Key Components
    • 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
    • Inflation Impact
    • Educational Videos >
      • Documentaries
      • Educational Webinars >
        • Taxes Declassified
        • Top 10 IRA Mistakes
        • Taxes in Retirement
        • 3 Economic Strategies
        • Five Key Areas of Retirement
    • Recommendations >
      • ROTH Conversions
      • Volatility Buffer
      • Tax-Free Income
      • Wealth Transfer
    • Premium Finance
  • Planning
    • Retirement Analysis >
      • RA Sample
    • Social Security >
      • Social Security Webinar
    • Pension Maximization
    • Risk Analysis and Investments
    • LifePro Asset Management >
      • Questionnaire
    • Estate Planning
    • Federal Benefits >
      • Federal Benefit Kit
    • WA Retirement Systems
    • Boeing Retirement >
      • Boeing Webinar
      • Boeing Download
      • Boeing Calendar
      • Boeing Retirement
    • Business Planning >
      • Tax Free Multiplier
      • Business Tax Credit >
        • Resources
      • Employee Retention Tax Credit
      • Research & Development Tax Credit
  • Insurance
    • Annuities >
      • Annuity Resources
      • Market Index Links
      • Annuity Report
      • Annuity Reviews
    • Medicare >
      • Medicare Questionnaire
      • Medicare Clients
      • Medicare Plan Compare
      • Medical Networks
      • Medicaid Info
      • PEBB Benefits >
        • 2024 PEBB Retiree Guide
      • Medicare A&B
      • Medicare Rules
      • Medicare Meetings
      • Medicare Education
    • Long-Term Care
    • Life Insurance >
      • Multi-Generational
      • Premium Finance
      • Final Expense
    • Health Insurance
    • Dental Insurance
    • Vision Insurance
  • Tools
    • Financial News Blog
    • Market Simulations
    • Required Minimum Dist (RMD Calculator)
    • Interest Types
    • Calculators
    • Professional Referrals >
      • Dead Doctors Don't Lie
    • Bankrate Interest Rates
    • Rate of Return Calculations
    • Zillow Home Value
    • Credit Info
  • Contact
    • Free Consultation
    • Schedule Appointment
    • Online Meeting
    • Secure Upload
    • Retirement Analysis (initial)
    • Retirement Software Client Portal
    • New Application
    • Application Process
    • Beneficiary Form
    • Client Resources
    • Phone App
    • Rate our Service
    • Refer a Friend