Expert Retirement and Financial Advisor Mark Kinney Discusses Points to Consider if You Choose a Lump-Sum Pension Payment
Seasoned retirement and financial strategist, Mark Kinney, says a lump-sum pension payout may make sense in certain circumstances.
Lee, Massachusetts—October 4, 2016—Founding partner of Toole, Kinney & Company, Inc., Mark Kinney,CFP®, published a new blog entitled, “Should You Consider a Lump Sum Pension Payment at Retirement?” In the blog, he highlights some benefits of a lump sum payment over a monthly pension payment.
Mark writes, “You and I have to earn our retirement funds the old-fashioned way – with honest, hard work. If you work for a company or government agency that has a pension, you can choose to receive your pension payment each month or take it out in one lump sum. Sure, a guaranteed monthly pension payment sounds great, but there are instances where a lump sum payout makes sense.”
The entire article can be found at: https://www.kinneywealth.com/should-you-consider-a-lump-sum-pension-payment-at-retirement/
About Mark Kinney
Mark D. Kinney, CFP®, has been advising clients for close to 30 years on how to maximize their retirement income in a sustainable, repeatable, and verifiable manner, while minimizing risk exposure to the daily turbulent financial markets. His keen insights into conservative and income generating investment options have been invaluable to those approaching or currently in retirement. In addition to his decades of experience and financial know-how, he held Series 7 and 63 FINRA Securities registrations for over 25 years, holds several insurance licenses, and has held the Certified Financial Planner™(CFP®) designation in good standing for 20 years.
After successful careers with a number of reputable financial institutions, Kinney established Toole, Kinney, & Co., Inc., in 1999. Kinney has been cited on such national news outlets and financial publications as CNN.com, Fox Business, NBC, Wall Street Select, and The Miami Herald. He remains active in several area charities, has participated in several marathons, including the Boston Marathon in 2013 and 2014, enjoys all activities outdoors, and currently lives in Stockbridge, Massachusetts.