Why EVERYTHING in Retirement Changes When You Have a Pension

Video Description

Colin Exelby, CFP® explains how retirement changes when you have a pension. After 20 years of helping retirees navigate life after work, I can tell you—your pension decision might be one of the most critical financial moves you ever make. Whether you’re choosing between a lump sum or monthly payments, weighing the risk of outliving your money, or deciding how to protect your spouse, there’s a lot to unpack. In this video, I break down everything you need to know about pensions—how they work, the tradeoffs, how PBGC protection fits in, and real-life case studies like Bob and Linda to help you understand your options. I also explore strategies like pension arbitrage and hybrid rollover options for more control and flexibility. If you’ve got a pension—or wish you did—this is a must-watch. ⭐Life Insurance Quotes via Ethos in 15 minutes⭐ 👇 https://celestialwm.com/lifeinsurance-go/ ⭐Support the Channel by Becoming a Community Member⭐ 👇https://www.youtube.com/channel/UC13s0hQVkEv-azgzhOe8QXA/join Daniel de Visé Article:👇 https://www.usatoday.com/story/money/2024/03/19/pensions-are-popular-why-dont-more-americans-have-them/72968970007/ #RetirementPlanning #PensionAdvice #LumpSumVsMonthly #FinancialFreedom #SocialSecurity #PBGC #PensionPlanning #RetirementStrategy #Annuities #investsmart 00:00-Intro 00:30-The Critical Pension Payout Decision 02:30-Lum Sum or Monthly Payments? 04:15-Understanding Your PBGC Protection 05:05-The Longevity Challenge 07:48-Are There Other Options? 10:15-When to Consider the Lump Sum Option? 11:35-Integrating Your Pension Decision Outstanding Personal Finance Tools👇 Stop leaving yourself vulnerable to data breaches. Go to my sponsor...👇 ★☆★Aura to get a 14-day free trial and see if any of your data has been exposed.★☆★ https://aura.com/cwmwealth Budgeting...👇 ★☆★ Rocket Money (originally called as TrueBill) ★☆★ https://rocketmoney.sjv.io/CelestialWM Wealth Management...👇 ★☆★Personal Capital ★☆★👇 https://personalcapital.sjv.io/CelestialWM Bookkeeping...👇 ★☆★Gusto Bookkeeping★☆★👇 https://gusto.pxf.io/CelestialWM [About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management. I provide financial planning for business owners and their families that makes sense. Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be. We strive to help you: *Optimize Your Cash Flow *Minimize Your Taxes *Build Your Net Worth *Create a Lasting Legacy ➡️ ➡️Free Guide Here: https://celestialwm.com/ptpebook-go/⬅️⬅️ Do you watch Dave Ramsey, Robert Kiyosaki, Grant Cardone, Gary Vee, Graham Stephan, Meet Kevin, Ryan Scribner, Replace Your Mortgage, Project Life Mastery, Russel Brunson, Alex Becker, Tanner J Fox, Refusing to Settle, Dan Lok, Jeff Rose, Tai Lopez, Bigger Pockets, or Pat Flynn? Then you'll love our channel! Be sure to subscribe and I'll see you in the comments! Top Financial Advisor Baltimore. Top Financial Planner Maryland. Affiliate Link Disclaimer: I only recommend products I would use myself and all opinions expressed here are our own. This post may contain affiliate links that at no additional cost to you, I may earn a small commission. Read full privacy policy at celestialwm.com. Celestial Wealth Management LLC receives compensation from YouTube for the presence of advertising before, after, and during this video content. Celestial Wealth Management LLC does not control the content or presence of any advertisements. The presence of any advertisement does not constitute an endorsement of the ad, company, entity, or product by Celestial Wealth Management LLC.