Friday's Financial Tip: PENSION PLANS 11/09/2012

By Scott Sarvay

November 9, 2012 Updated Nov 19, 2012 at 5:04 PM EDT

Getting a pension? Be careful if someone tries to sell you insurance instead of taking your pension’s joint and survivor option.

Instead of choosing the joint and survivor pension plan, you might be told to take single life pension and buy insurance. This is often not a good idea.

Casey Weade is President and CERTIFIED FINANCIAL PLANNER of Howard Bailey Financial, Inc.

Any comments regarding safe and secure investments, and guaranteed income streams refer only to fixed insurance

products. They do not refer, in any way to securities or investment advisory products. Fixed Insurance and Annuity

product guarantees are subject to the claims‐paying ability of the issuing company and are not offered by Global

Financial Private Capital LLC.

Investment Advisory Services offered through Global Financial Private Capital, LLC, an SEC Registered Investment Advisor.




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