Pension Lump Sum or Monthly Payments? How to Choose the Right Option in Canada скачать в хорошем качестве

Pension Lump Sum or Monthly Payments? How to Choose the Right Option in Canada

If you are retiring with a defined benefit pension, one of the most important decisions you will make is whether to take the monthly pension payments or the lump sum commuted value. Each option affects your retirement income, taxes, investment risk, and long-term security in different ways. In this video, I explain how the lump sum and monthly pension options work and what factors matter most when comparing them. These include the internal rate of return, the financial health of the pension plan, the level of guaranteed income you want, your comfort with managing investments, and the impact of taxes and CRA transfer limits. I also walk through scenarios where the monthly pension is usually preferred and situations where the lump sum may be the better choice for flexibility and control. I’m Nick Hearne, CFA and CFP, Financial Advisor and Portfolio Manager at RGF Integrated Wealth Management. I help Canadians make confident and well informed retirement decisions based on clear analysis and long-term planning. #pension #retirementplanning #canadafinance 📘 Download the Free Retirement Income Planning Toolkit Worksheets, checklists, and step-by-step planning guides: https://www.rgfwealth.com/wp-content/... 📬 How We Help Learn more about our approach: https://www.rgfwealth.com/advisors/ni... Retirement planning process: https://www.rgfwealth.com/advisors/ni... 🔗Connect With Us Facebook:   / nickhearnergf   LinkedIn:   / nickhearne   ⏱ Timestamps ⏱ 0:00 Intro 0:26 What the monthly pension provides 0:40 What the lump sum (commuted value) provides 0:55 How to compare your options 1:53 When the monthly pension is usually preferred 2:16 When the lump sum may be the better option 2:42 Pension plan financial health 3:17 Tax considerations and CRA limits 3:47 Questions to ask before choosing 4:06 Conclusion