Mailbag: What to do when your employee terminates your pension, plus how to kick off your freelance writing career.

HerMoney with Jean Chatzky

Today we are bringing you two mailbag questions with our incredible listeners. First, we'll be talking to Beth. She is calling in from upstate New York. Beth is in her early 60s and her company's made the decision to terminate employee pensions, which has left her with some options: Should she take the lump sum? Should she roll it over? We'll dive into some timely advice for her.

Then we'll be talking to Sarah. She is wondering how best to start a side hustle as she transitions out of her long-time career as a healthcare executive.

Join our free budgeting webinar on October 15th at 7 PM ET! https://us02web.zoom.us/webinar/register/WN_GXkmVlwFRVGfi39jim9xZQ#/registration

Chapters:

1:00 Mailbag Question 1: My pension is being terminated, help!

5:00 Retirement Annuity Option

8:00 Lump Sum Option

18:00 Mailbag Question 2: How do I get paid for freelance writing?

27:00 Starting A Blog or Substack

Have a personal-finance question for us or want to jump on a call with Jean so you can get all of your follow-up questions answered? Write in at [e-mail].

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Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here.

The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.

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