The Best PERS Option for You
You have completed your PERS Help Worksheet and
reviewed the payment options from PERS. Now it’s
time to think about
the
amount of access, control and flexibility you
require from your life savings.
Choosing your final option is critical.
Many
people simply want a guaranteed income for the
rest of their lives.
As you’ve now learned, each of the thirteen
options, including the lump-sum option can
provide a guaranteed income that you cannot
outlive.
If you spend 100% of your paycheck now, chances
are you will need an option that doesn’t give
you any flexibility or future access to your
life savings. If you live within your means,
save a portion of your check, want to reduce
your taxes and realize the full benefits from
Social Security, you may consider an option that
provides this kind of control for you. If you
are going to receive an income from future
employment, rental properties or other
retirement plans such as a 401k, 403b, 457, TSA
or IRA’s you may need to think about the timing
and order of such income. The last thing you
want is to retire and pay more in taxes than you
have to.
If you would like a
free
competitive analysis
to determine which option is best for you,
please contact a
PERS
Help Expert
today.
