If you worked for Entergy in the past several years and were vested in the pension plan, there is a possibility you received a Lump Sum offer in the mail recently. This could be because you left Entergy 20 years ago or you were part of the recent Human Capital Management initiative in 2013. In either respect, you now have this important decision in front of you and there are lots of factors to consider!

It is possible the lump-sum relative value could be higher than the annuity that is offered. If you are married, there are a number of additional factors to consider. Are you planning to start taking your retirement at 55, 60, or 65? Will it affect my Social Securtiy? And then there are the taxes to factor in. Do you know how to navigate this important decision?

If you have received an Entergy Lump Sum offer you only have a short time to decide what is best for you and your family. The deadline to make your election is September 18, 2015! Call the advisors at Sound Financial Strategies Group and let us help you navigate this important retirement decision. Our experience working with Entergy’s pension plans can help you make a more informed decision. Call us today!

Retirement Planning

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