Companies are moving away from pensions due to the financial strain of supporting retirees with life expectancy rising and people working less years for one company in their careers.

In this episode, Mike discusses The Big 3 (Ford, Chrysler, and General Motors) and the pros and cons of the options employees have for retirement income: Taking a lump sum up front or taking a monthly pension for the rest of their life. Which is better?

Visit LifePlanWealth.com to connect with Mike and discuss your retirement income options today!