4 Reasons You Absolutely Need a Pension Review Before Taking the Income

(don’t forget to checkout the video of this blog too)

If you’re nearing retirement and eligible for a pension, STOP before you lock in your income.

You only get one shot at this decision.

And the wrong choice could cost you and your spouse hundreds of thousands in lost benefits, flexibility, and long-term income potential.

For many people, the pension feels simple: pick your payout option, sign the form, and start collecting.

But what most people don’t realize is that a pension election is one of the most irreversible financial choices you’ll ever make.

Before you flip that switch, here are four reasons a full pension review is absolutely non-negotiable.

✅ 1. You Might Get Paid to Walk Away

This surprises a lot of people: sometimes, your company will actually pay you to take your money elsewhere.

Why?

Because many pensions are underfunded or carry long-term liability risk for the company.

The fewer people drawing lifetime benefits, the better their balance sheet looks.