Pension Income OR Lump Sum?

In Canada some jobs do offer Defined Benefit plans where contribution builds up every months and you are promised a pre-determined retirement income. However there often comes a time where when you stop working or retire early you are offered either a lump sum or taking the retirement income. In this video we will go over things you should consider when making this choice.

This is not financial advice!

#canada #pension  #finance


▼ Time Stamps

[0:00] Start
[0:52] Disclaimer
[1:37] Which Pension Plan We Are Talking About
[2:09] Pros and Cons of Income
[4:47] Pros and Cons of Lump Sum
[6:49] First Example: Retiring Now
[9:34] Second Example: Retiring Later
[17:03] Reminder


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