Iowa Insurance Division Iowa State University Extension Investor Protection Trust

Home

Investments at the time of retirement

Radio Transcript, 60 seconds, for use during week of Feb. 25.

This is an Invest Wisely minute brought to you by Iowa State University Extension.

Consider the investment decisions that will be needed as your retirement day approaches.

If you have a retirement plan at work, contact your benefits office at least six months before, to understand your options. And don’t be hasty.. because once a payout decision is made it cannot be changed.

To select the right payout option for you, consider your age and health, investment skills, need for security, tax situation, and your employer’s economic health.

One possibility may be taking everything in a lump sum.  This will have significant tax consequences.  There are several other options -– including IRAs and lifetime annuities.

Invest Wisely comes from Iowa State University Extension through a grant from the Investor Protection Trust providing investor education on the web at investorprotection.org.

 

 

         
         

Updated February 25, 2008