One of the toughest decision for pension holders is determining which pension option is best for their family. Take our quiz and find out if you may be able to Maximize your New York State Pension. Your pension payout decision will impact your whole families financial plan, make sure you make an informed decision.
Here are 4 benefits the Pension Maximization strategy opens up to qualifiying pension holders:
GET YOUR MAXIMUM EARNED BENEFIT
Allows you to select the maximum pension that you earned.
LIVING BENEFITS TO HELP WITH THE UNKNOWNS
If elected on your permanent life insurance policy, provide for accelerated living benefits that may provide tax-free benefits in the event of a critical illness such as a cancer, heart attack or stroke, or a chronic illness such as Alzheimers or Dementia.
PROTECT YOUR WHOLE FAMILY
Protect your spouse and children to an equal or greater level than the pension reduction would have provided.
HAVE ACCESS TO TAX-FREE INCOME
Provide access to cash surrender value within a properly designed permanent life insurance policy that can be used to supplement your retirement or other financial obligations.
Pension Max does not provide tax, legal or financial advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or financial advice. You should consult your own tax, legal and financial advisors before engaging in any transaction.