STERLING HEIGHTS, Mich., May 22, 2013 /PRNewswire/ -- The one year anniversary of General Motors (GM) and Ford first offering thousands of salaried retirees a lump sum pension buyout is fast-approaching. Many retirees have made the stressful decision to either accept the lump sum buyout or continue to receive monthly pension payments. Other retirees, however, may be facing the decision for the first time as Ford and GM have continued to offer the buyouts to additional retirees since the initial offers. Joe Betcher, President of Betcher Financial Group (BFG), emphasizes that while having control of their personal finance is the better option for retirees, many variables have to be considered before making the decision.
"Each retiree's situation is different. The decision should not be made without speaking to a financial advisor," says Betcher. "An advisor will tailor a plan to better position the retiree's financial future and alleviate a lot of stress."
Betcher also points out that if a retiree does decide to take the lump sum buyout, additional planning is necessary.
"One of the biggest concerns for retirees is whether the lump sum will sustain them for the rest of their life," states Betcher. "Once the lump sum payment is accepted, it is important to protect it."
Betcher Financial Group offers a free analysis to retirees concerned about their financial future and has hosted meetings to discuss all aspects of the pension buyouts from making the decisions to protecting the lump sum.
Betcher Financial Group is a financial management and investment advisory firm that provides a diverse range of financial services to individual investors, small & mid-level businesses, specializing in portfolio management, retirement planning and insurance services. BFG has been helping retirees obtain their retirement and estate planning goals for the past 15 years. For more information, visit www.BetcherFG.com.
Securities offered through The O.N. Equity Company Member FINRA/SPIC. Investment Advisory Services offered through O.N. Investment Management Company.
SOURCE Betcher Financial Group