Webinar | Pension Buyouts: What’s Best For You & Your Family
Pension plans are quickly becoming a thing of the past. Fewer and fewer companies offer pension plans, and those that still do are increasingly turning to pension buyouts as a way to continue funding pensions into the future. If you have been offered a pension buyout, there are a number of factors you should consider before making your decision.
Telemus Financial Life Advisor Bob Hochkins, AWMA®, recently hosted a webinar where he outlined the key considerations to keep in mind if you receive a pension buyout offer. Specifically, Bob discussed:
- The importance of establishing a budget before making your decision
- When a pension buyout may make sense—and when it may not
- The pros and cons of an annual pension vs. a lump sum buyout payment
- How to analyze your financial objectives to determine which option best fits your needs
ABOUT THE PRESENTER —Bob Hochkins, AWMA®
Bob Hochkins, AWMA® has been a member of the Telemus team since 2013. As a Financial Life Advisor, Bob works with clients to develop customized portfolios and financial plans tailored to each client’s goals and objectives. Bob began his career at Telemus as a Wealth Analyst where he focused on account analysis, account reporting and portfolio construction. Throughout his tenure, Bob has worked with many of the Senior Financial Life Advisors and has assisted in the management of Telemus’ most sophisticated client relationships. Bob also serves as the alternative investment coordinator for the firm’s private placement/alternative investments.
After graduating from Central Michigan University with a degree in Business Administration, Concentrating in Finance, Bob began his career at JP Morgan Chase as a Relationship Banker. Bob currently serves as Treasurer of Her World Initiative, a non-profit organization based in Ann Arbor. The mission of “HWI” is to support survivors of domestic violence, provide education, and lobby for improved legislation.
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Telemus is a place where financial security is just the starting point. A place where you can identify and realize a more profound, more aspirational mission – to leverage your wealth to help you achieve your envisioned future. Through a deep and thoughtful exploration process with a unique team of experts, we help you define what financial and personal achievement means. By igniting a partnership with Telemus, we will help you attain personal life enrichment, your grandest visions, and your life’s most important goals. At Telemus, we have a different perspective on your financial life. When you take a seat at the Telemus Roundtable, you gain access to the most compelling conversations and inspired solutions for your financial future. We offer you a brand new, more holistic outlook far beyond just investment management which we know will serve as the inspiration for a more enriched life.
