[vc_row][vc_column width=”2/3″][vc_column_text]Pension Withdrawal Options are a blessing! If you have the opportunity to remove yourself from a fixed income pension, please consider doing the tax-free direct transfer of 100% of your lump sum pension to your global Free Market IRA!

We live in Ford and GM country, and have helped many of their retirees look at what is best for their future and their families’ futures. Of course you must understand all the options, but if you plan to live over 5 more years, have a spouse, and also have heirs, this is not a difficult decision. It’s all about controlling the money and giving your spouse and heirs an opportunity of maintaining their lifestyle.

First make some very important decisions and then do a few calculations.

  • Decisions:
    • How long do you expect to live? Over 5 years? 35 years?
    • Do you have a spouse? Would your spouse like the same income as you, the retired employee enjoys? How long does s/he expect to live?
    • Do you have or expect any heirs? Would you like your heirs to receive your pension money after you and your spouse are deceased?
    • Do you believe inflation will continue? It’s averaged about 4% for the last 37 years.
    • Do you want your income to keep up with inflation, so you don’t lose any purchasing power?
    • Do you know how your Pension will be invested if you don’t withdraw it? The Ford pension will be invested in 3 tiers of bonds, all earning less than 5%.
    • Can you live on a fixed income and afford to lose 4% purchasing power each year?
    • Do you want to learn how to get income while having your lump sum plus your IRA/Roth achieve market returns to have the potential to grow in value, so you can maintain your current lifestyle?
    • Are you aware you can get a complimentary historical Free Market Income Report showing a 4% or less constant income on a lump sum investment? It demonstrates how 37 years of the ups and downs of the market would have affected a global Free Market portfolio?
  • Calculate:
    • Multiply your monthly pension income by 12 to get your annual pension income.
    • Multiply your surviving spouses’ monthly income by 12 to get his/her annual income, which will be received after your death. Would s/he like more?
    • Divide your annual pension income total into your pension lump sum to find what percentage you are receiving. Can 5% bonds support this income? If not, other retirees have to die in order to support your income!
  • Compare: 4% inflation on your Fixed Income Pension and also the Free Market IRA options.
    • Take your pension amount and multiply it by .96. Then multiply that number by .96. Repeat this calculation for as many years as you and your spouse plan to live. This calculation shows a reduction of your purchasing power by 4% per year. In 20 years you will have to live on 20% of your current income. Everything else around you will have increased in value, except your pension income.
    • Request your complimentary Free Market Income Report completing the Free Market Income Request form on our website.
  • Consider Your Heirs:
    • Pension: The surviving spouse gets a percentage of the deceased retiree’s income, and then upon her/his passing, the heirs get nothing, as the Pension needs these monies to help pay for the other retiree’s pension income.
    • Free Market IRA: The surviving spouse can enjoy the same income as the retiree, and upon his/her death, the heirs will receive the lump sum as their inheritance.

Maria J. Wordhouse Kuitula and Phyllis J. Veltman Wordhouse, Free Market Wealth & Stewardship Coaches, co-authored the book, Stress-Free Investing, available at Amazon.com. Maria is the President of Wordhouse Wealth Coaching and can be reached at 616-460-6518 or at MJK@WordhouseWealthCoaching.com . For QUESTION LISTS and INVESTOR EDUCATION VIDEOS, go towww.WordhouseWealthCoaching.com .[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_column_text]side-image-25[/vc_column_text][/vc_column][/vc_row]