“Next, you are ready to begin looking at what guaranteed income sources you may have. Most people will at least receive Social Security, either their own benefit or a spousal benefit. (To create a detailed report of your estimated benefit or to find more information about spousal benefits, visit the Social Security website at ssa.gov) Some people have a pension benefit as well. If you are entitled to a pension benefit, you’ll want to request an estimate of your benefits based on the date you plan to retire. Contact the present or past employer where you earned your pension benefit to determine the best way to acquire your benefit estimation. Most pensions will offer a number of payout options. Your personal circumstances will be the determining factor for which option is best suited for you and another great reason to work with a financial professional to help you sort through these decisions!…”

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