Pension Analysis and Optimization

When you have a pension and it’s time to begin receiving payments, there are options for how you take the defined benefit: single life, qualified joint and survivor, etc. It’s important to analyze the different pension filing options considering your family situation. 

• For example, if you have no spouse, it might be wise to choose the single life option. If you have a spouse, you likely want to choose the option where your spouse will continue receiving pension payments in the event of your death. If you take 100%, your spouse gets nothing in the event of your death. 
• Also worth considering are ways to maximize your pension. Perhaps there is a life insurance policy that will pay your spouse in the event of your death which could impact the pension benefit you choose. 
• Yet another option to analyze is rolling over a pension to an annuity which can protect inheritance if both spouses die at the same time. 
  

Jacobs Financial Partners has extended experience with pension optimization in the aerospace industry, and we’d love to help you get the most out of your well-earned benefit.