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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Phone 360-722-7889
Fax #425-412-6865
INFO@BIRDSEYEFINANCIAL.COM
Birdseye Financial (MAP)
The contents of this website are for educational purposes only. Any material and its attachments, links, downloads, and/or any emails from our company 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 this communication (including any attachments) is not intended or written 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 are not tax or legal advisors and are not operating in such a manner. Birdseye financial and those working for the company are not licensed Investment Advisors which prohibits us from offering such advice. Any advice you get should be taken as non-investment advice and only educational in nature. Should our clients need a licensed investment advisor, we often work with Secure Investment Management. *Investing carries an inherent element of risk. No strategy can guarantee a profit or prevent a loss. Provided content is for overview and informational purposes only and is not intended and should not be relied upon as individualized tax, legal, fiduciary or investment advice. Any individuals used in scenarios are fictitious and all numeric examples are hypothetical and were used for explanatory purposes only. THANK YOU!
  • Home
  • About
    • Welcome to Birdseye
    • Who We Are
    • Risk & Portfolio Assessment
    • Request Free Consultation
  • Strategies
    • Key Components
    • Sequence of Returns
    • Rule of 100
    • Tax Strategies >
      • Tax Saver Calculator
      • RMD Calculator
      • Qualified Charitable Donation
      • Medicare Tax Deductions
    • Webinars >
      • Economic Strategy Webinar
      • Five Key Areas of Retirement Webinar
    • Video Library
  • Planning
    • Retirement Analysis >
      • Retirement Meeting
      • RA Analysis
    • Social Security >
      • Social Security Webinar
    • Pension Maximization
    • Risk Analysis
    • Risk Investments
    • Secure Investment Management
    • Federal Benefits >
      • Federal Benefit Kit
  • Insurance
    • Annuities
    • Medicare >
      • Medicare Questionnaire
      • Medicare Meeting
      • Medicare Networks
    • Long-Term Care
    • Life Insurance
    • Final Expense
    • Health Insurance
    • Dental Insurance
    • Vision Insurance
  • Tools
    • Financial News Blog
    • Documentaries
    • Market Index Links
    • Required Minimum Dist (RMD Calculator)
    • Calculators
    • Professional Referrals
    • Bankrate Interest Rates
    • Zillow Home Value
  • Contact
    • Free Consultation
    • Schedule Appointment
    • Online Meeting >
      • Online Meeting Details
    • Secure Upload
    • Retirement Analysis
    • Retirement Portal
    • Rate our Service
    • Referral A Friend