Can a financial advisor help you manage your pension?

Working with a financial advisor can help you navigate the ins and outs of your pension, including payment options and tax implications. Need expert guidance when it comes to managing your money or planning for retirement? Bankrate’s AdvisorMatch can connect you to a CFP® professional to help you achieve your financial goals. What is a pension?

How can a financial advisor help with a secure retirement?

A financial advisor can discuss options for funding a secure retirement. Pensions are defined benefit retirement plans that guarantee employees a certain financial benefit, such as a monthly check, after they retire. The payment is usually determined by a formula that uses years of service and amount of wages or salary.

Do you need a financial advisor for retirement?

A financial advisor may come in especially handy when it comes to overall planning for income during retirement. Many retirees have, in addition to pension benefits, income from Social Security, other retirement accounts, annuities and after-tax investment earnings.