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:
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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